April 10 (Reuters) - Libbey Inc LBY.A :
* LIBBEY PROVIDES ADDITIONAL BUSINESS UPDATE ON COVID-19 RESPONSE
* LIBBEY - IMPLEMENTS ADDITIONAL COST REDUCTION AND OPERATIONAL MEASURES ACROSS NORTH AMERICA
* LIBBEY - IMPLEMENTING PAY REDUCTION FOR ALL SALARIED ASSOCIATES IN U.S. & CANADA THROUGH SEPTEMBER 30
* LIBBEY INC - SUSPENDING CO'S 401(K) MATCH FOR U.S. EMPLOYEES PARTICIPATING IN 401(K) RETIREMENT SAVINGS PLAN THROUGH SEPTEMBER 30, 2020
* LIBBEY INC - REDUCING MANUFACTURING AND DISTRIBUTION OPERATIONS AT ITS MEXICO FACILITIES AND REQUIRING ALL OFFICE STAFF TO WORK REMOTELY
* LIBBEY INC - REDUCING PLANNED 2020 CAPITAL EXPENDITURES AND EXPENSES, INCLUDING DELAYING ERP IMPLEMENTATION MILESTONES
* LIBBEY INC - 25% BASE SALARY REDUCTION FOR CEO MICHAEL BAUER, 20% BASE SALARY REDUCTIONS FOR EXECUTIVE OFFICERS, OTHER VICE PRESIDENTS
* LIBBEY INC - BOARD REDUCED CASH COMPENSATION BY 25%
* LIBBEY - IMPLEMENTING TEMPORARY FURLOUGHS FOR PORTION OF U.S. MANUFACTURING & DISTRIBUTION SALARIED ASSOCIATES