Here is another from a different publication:
Serious Energy Looking for New Owner for Chicago Plant–Updated 6 a.m. February 24
Feb 23rd, 2012 | By DWM Mag | Category: Industry News
Serious Energy, based in Sunnyvale, Calif., announced late on February 23 that it will cease operations of its Chicago-based facility for manufacturing windows and glass products to consolidate operations in two other existing facilities.
Shortly after that announcement, a statement dated February 24 announced that Serious and the United Electrical Workers Union Local 1110 have come to an agreement “to resolve yesterdays’ situation at the Chicago-based window facility. Members of the press received incomplete and incorrect information that Serious Energy would be closing the facility immediately. The Chicago plant remains open at this time, and the parties are working together to find a new owner if possible and explore all other options. Both UE and Serious Energy apologize for any resulting confusion,” said the statement.
The company entered into a lease for the 268,000 square foot Chicago plant in 2009 and made substantial investments to retool the plant over a three-year period. It also hired and trained employees, according to the company. The facility was the former location of Republic Windows and Doors.
“Ongoing economic challenges in construction and building products, collapse in demand for window products, difficulty in obtaining favorable lease terms, high leasing and utility costs and taxes, and a range of other factors unrelated to labor costs, have compelled Serious to cease production at the Chicago facility,” according to the February 23 statement.
Approximately 46 individuals are employed at the plant and this includes union and non-union positions.
Serious Energy has two other window and glass manufacturing facilities, based in Colorado and Pennsylvania.
Kevin Surace, chairman and CEO, Serious Energy, writes a blog for DWM magazine, and in October 2011 he wrote about the fact that the industry “MUST shed another 50 percent of its capacity at every level right now and forever.”