LANCASTER, Ohio (AP) — EveryWare Global Inc., the maker of Oneida plates, forks and spoons, said it is temporarily closing two factories and furloughing workers in order to save money.
The company said Thursday that the factories will be shut for three to four weeks. A spokeswoman declined to say how many workers will be affected by the furloughs.
One factory, which is located in Lancaster, Ohio, employs 1,140 people. The other factory, in Monaca, Pennsylvania, employs 445.
The two facilities make dishes, glasses and cutlery for EveryWare's brands, which include Oneida and Anchor Hocking.
EveryWare has posted losses over the past several quarters. By shutting the factories, the company hopes to raise cash and help the company's growth, acting CEO Sam Solomon said in statement Thursday.
Shares of the Lancaster-based company fell 44 cents, or 32 percent, to close at 94 cents Friday. Its shares were worth $10 a year ago.