Tupperware Brands announced it’ll be closing its South Carolina factory — the corporate’s last remaining plant within the US — and shedding greater than 100 staff.
The enduring plastic food container company will shift all of its manufacturing operations to Mexico, where a lot of its products sold within the US and Canada are already made.
The shuttering of the ability within the small town of Hemingway will end in the layoffs of 148 employees, based on the corporate, which is headquartered in Orlando.
Layoffs are set to start in September with a closure date scheduled for January 14, 2025, WCBD reported.
The shuttering of the ability within the small town of Hemingway will end in the layoffs of 148 employees, based on the corporate. Google Maps
“It’s essential to notice this decision will not be a mirrored image of the performance of the Hemingway team,” Tupperware told the outlet in a press release.”
“We appreciate each of our valued team members and the various years of service they’ve dedicated to our salesforce and to the Company.”
Tupperware will shut down its last remaining US manufacturing plant by the tip of the yr, TNS
The Hemingway plant, Tupperware’s sole manufacturing site within the US, was sold in 2023.
Eligible employees will likely be offered severance packages and early retirement. The corporate also pledged to assist connect them with other firms for employment.
Tupperware was founded in 1946 by Massachusetts chemist Earl Tupper, who developed the plastic containers to assist families lower your expenses on costly food waste, based on the corporate website.
The 77-year-old company is shedding 148 staff from its South Carolina factory. ullstein bild via Getty Images
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The Hemingway facility was opened in 1976 amid high demand for his or her productions.
Nonetheless, the 77-year-old company has fallen on hard times as of late.
Earlier this yr, the brand warned that it had “substantial doubt” it could survive for one more yr and forecasted inadequate liquidity to fund operations, in a filing with the SEC.
Tupperware blamed ongoing material weaknesses in internal control over financial reporting. Getty Images
Tupperware blamed ongoing material weaknesses in internal control over financial reporting, its difficult financial condition and significant attrition leading to resource and skill set gaps for multiple delays in its annual report filings.
It was also vulnerable to being delisted from the Latest York Stock Exchange after it delayed its 10K filing for 2022, then filed a NT10-K on Friday to notify that it’ll delay the 10-K filing for FY 2023.
It plans to finish its due processes and file its 10K for 2023 “as promptly as possible,” the corporate said, but added that “there might be no assurance with respect to the timing of completion of the filing.”
With Post wires
