The coronavirus has obviously shut down Major League Baseball, which has a trickle-down effect on plenty of other businesses. Louisville Slugger is one of those other businesses that hurt from the suspension of the season.
The Louisville Courrier Journal is reporting that the popular bat manufacturer is shutting down it’s factory and furloughing its employees. Louisville Slugger CEO John Hillerich IV commented on the reported shutdown. The museum has also been shut down indefinitely amid the COVID-19 pandemic.
We’re not doing any advertising. We’ve cut all our expenses we can. We’re just hoping we get back to normal before we run out of cash.
Louisville Slugger has been manufacturing bats since the late-1800’s in the United States. The company broke into Major League Baseball in the early 1900’s when the Pirates’ Honus Wagner signed a deal to produce a bat with his name on it. The rest is history. Famous players like Babe Ruth, Ty Cobb, and Lou Gehrig were all big names to follow up Wagner by utilizing Louisville Slugger in the following years.
Hillerich did note that Louisville Slugger employees are still receiving benefits while furloughed. He also noted that those not furloughed will be taking a twenty-five percent pay cut until things clear up.