Why EveryWare Global (EVRY) Stock Is Spiking Today

NEW YORK (TheStreet) -- EveryWare Global (EVRY) shares jumped 25.3% to $3.52 on heavy volume Monday after the company reached a deal with its hourly workers that will reduce operating costs at the tabletop and food preparation products manufacturer's Lancaster, OH plant.

Employees at its Monaca, PA facility -- where the company temporarily furloughed 400 employees in May for three weeks -- rejected a similar proposal.

Some 4.4 million shares of the company have been traded so far today, nearly 10 times more than the company's three month daily average.

Must ReadWarren Buffett's 25 Favorite Stocks

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

More from Markets

Global Stocks Rebound But US-China Trade War Concerns Keep Investors on Edge

Global Stocks Rebound But US-China Trade War Concerns Keep Investors on Edge

REPLAY: Jim Cramer on How to Navigate the Stock Market Amid Tariff Worries

REPLAY: Jim Cramer on How to Navigate the Stock Market Amid Tariff Worries

Global Markets Hit Hard; AMC Entertainment Sells Stake in Ad Unit -- ICYMI

Global Markets Hit Hard; AMC Entertainment Sells Stake in Ad Unit -- ICYMI

CVS, Walgreens and Citigroup: Cramer's 'Off the Charts'

CVS, Walgreens and Citigroup: Cramer's 'Off the Charts'

Jim Cramer: 4 Stocks Could Get Throttled By a 'Knock Down Drag Out' With China

Jim Cramer: 4 Stocks Could Get Throttled By a 'Knock Down Drag Out' With China