Location: New Britain, Connecticut.
Based on news reporting.
Stanley Black & Decker, Inc. has initiated layoffs affecting approximately 300 employees as it closes its factory in New Britain, Connecticut. This decision comes as part of the company's restructuring efforts amid ongoing challenges in the market. The layoffs have already begun, impacting workers at the facility. The closure reflects the company's strategy to streamline operations and adapt to changing economic conditions. This move is part of a broader trend in the industry, but specific details regarding the future of the workforce remain unclear.
Stanley Black & Decker, Inc. cut 300 jobs as of October 1, 2023.
That is roughly 0.6% of the 50,500 people Stanley Black & Decker, Inc. employs.
LayoffTalk has tracked 7 layoff events at Stanley Black & Decker, Inc. since October 2023, affecting a combined 3,300 employees.
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