Toolmaker Stanley Black & Decker will shutter its northern Fort Worth factory and lay off 175 as it shrinks its manufacturing and distribution network after...
Stanley Black & Decker is also closing a factory in South Carolina as it looks to cut $2 billion in costs.ByToolmaker Stanley Black & Decker will shutter its northern Fort Worth factory and lay off 175 as part ofThe toolmaker is also transferring operations from a facility in Cheraw, S.C., to two other plants in Tennessee. The South Carolina plant has 182 employees and 80 jobs are being added to the Tennessee factories.
Stanley Black & Decker, which makes brands such as DeWalt, Craftsman, Cub Cadet and Troy-Bilt, said the moves were part of a “transformation strategy designed to deliver $2 billion in cost savings and are reflective of the current economic conditions which highlighted needed changes in Stanley Black & Decker’s production and distribution network,” the company said in a statement Monday.
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