Union workers' rejection leaves Monaca plant in uncertainty
Union workers at Anchor Hocking's glassware plant in Monaca again rejected concessions from the company's parent, leaving the fate of the plant and 450 jobs in limbo as a deadline nears for a plan to keep creditors at bay.
The United Steelworkers members narrowly rejected the latest proposal from EveryWare Global Inc. on Sunday, a union official said. It was the second time this month that Monaca plant workers turned down a proposal aimed at reducing the company's operating costs.
EveryWare Global has a Tuesday deadline from its lenders to devise a solution to address financial issues that have put it at risk of violating the terms of a seven-year, $250 million loan. The lenders had extended the deadline by two weeks.
United Steelworkers spokesman Wayne Ranick said the company made some changes to a proposal the Monaca workers rejected before the July Fourth holiday, but he wasn't sure of the specifics. Employees at a Lancaster, Ohio, plant, which has about 1,100 workers, accepted concessions.
EveryWare spokeswoman Erica Bartsch declined to comment. Ranick said he did not know the status of the company's negotiations with lenders. “I'm not in a position to speculate,” he said.
In March, EveryWare Global said it was in danger of not being able to comply with the terms of its loan. The company struck temporary deals with lenders that allowed it to stay in business but has failed to reach a long-term financing solution.
The company warned in a regulatory filing in June that it may shut down its plants in Lancaster and Monaca, and a Georgia distribution center if it couldn't reach a deal with lenders and couldn't shore up its finances. The company posted a $38.4 million loss in the first quarter.
The Monaca workers' vote and the company's financial struggles leave the fate of Anchor Hocking's presence in Monaca uncertain. The Monaca plant and its sister facility in Lancaster were partially closed in May as the company furloughed workers to conserve cash.
The Monaca plant, meanwhile, has been shuttered since the July Fourth holiday, the company said. It was “temporarily closed for planned maintenance,” the company said in a statement last week, but it has yet to reopen, and “no decision has been made with regard to timing for resuming production.”
Chris Fleisher is a staff writer for Trib Total Media. He can be reached at 412-320-7854 or email@example.com.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Stocks shake off Middle East tensions, drop in consumer confidence
- Powder metals fabricator Atlas Pressed Metals diversifies appeal to customers
- Collectors willing to overpay for silver, value ‘all in the eye of the beholder’
- Hedge fund Elliott Management grabs 6.4 percent stake in Alcoa
- Pfizer acquires Allergan in $160B deal
- Existing-home sales fall 3.4% in October
- ‘Word people’ could start careers as court reporters, medical scribes
- Kmart brings back the Bluelight Special
- Deaf business owners overcome trials
- Fed minutes, corporate deal news push S&P 500 back into black for year
- 3 startups want millennials to save money