Tupperware Brands is shuttering its last remaining manufacturing plant in the U.S. and moving operations to Mexico, costing more than 100 workers their jobs.
The iconic food storage container maker issued a WARN Notice last week alerting that it plans to permanently close its facility in Hemingway, South Carolina, laying off 148 people.
Tupperware announced last week it is closing down the last manufacturing facility in the U.S., and moving operations to Mexico. (Chris Weeks/WireImage for Silver Spoon/via Getty Images / Getty Images)
The notice said layoffs will begin in September, with final closure of the plant set for January 2025.
WCNB-TV reported that Tupperware sold the Hemingway plant last year and plans to move operations to Lerma, Mexico. Company representatives told the outlet most of its products sold in the U.S. and Canada are already made in Mexico.
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"It’s important to note this decision is not a reflection of the performance of the Hemingway tea," Tupperware said in a statement to the WCNB. "We appreciate each of our valued team members and the many years of service they have dedicated to our salesforce and to the Company."
The statement added that eligible employees impacted by the layoffs will be offered severance packages and early retirement, as well as the opportunity to connect with other businesses at an upcoming job fair.
Tupperware Brands, based out of Orlando, has suffered struggles in recent years, but is aiming for a turnaround under its new CEO. (Stephen M. Dowell/Orlando Sentinel/Tribune News Service via Getty Images / Getty Images)
Gxstocks reached out to Tupperware for comment.
Tupperware, based in Orlando, Florida, has faced a series of struggles in recent years.
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In 2020, the company initiated a turnaround plan and has been trying to execute goals including improving profitability, strengthening its balance sheet and restructuring its debt, ever since.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| TUP | TUPPERWARE BRANDS CORP. | 1.47 | -0.03 | -1.68% |
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Tupperware Brands Corp.
However, in a Securities and Exchange Commission (SEC) filing in April 2023, Tupperware said that "The Company has concluded that there is substantial doubt about its ability to continue as a going concern for at least one year from the expected issuance date of its Form 10-K financial statements."
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Tupperware appointed a new CEO, Laurie Ann Goldman, in October.
Gxstocks' Ailslinn Murphy and Daniella Genovese contributed to this report.
