Stanley Black & Decker plans to close its last manufacturing facility in New England, Connecticut, the city where the company’s headquarters are located. Connecticut Public Radio Reported The action will affect approximately 300 workers at the factory, which is initially taking unilateral strike action.
Company spokeswoman Deborah Raymond told CPR that the facility’s products are “becoming obsolete” as more people rely on electronic devices to measure distances. The Hartford Courant Reported New British Mayor Bobby Sanchez blamed the decision on “ongoing uncertainty at the federal level, including changes in trade policies and tariffs that have raised material and manufacturing costs.”
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Stanley Black & Decker did not provide a timetable for closing operations but said its corporate headquarters will remain in New England and that it will offer affected employees jobs elsewhere. The Courant reported that the company will retain about 400 workers at the headquarters.
According to the Courant, the latest closing announcement comes after Stanley Black & Decker closed factories in Texas and South Carolina in 2023 and in North Carolina in 2024. The company also plans to close a Mississippi facility this spring, which it expects to eliminate 600 jobs.
In early February, Stanley Black and Decker explained Its global cost-cutting program, which begins in 2022, has generated approximately $2.1 billion in pre-tax operating savings.
Known as the “Hardware City,” New Britain has served as the headquarters of Stanley Black & Decker since Frederick Stanley. The Stanley Bolt manufacturing plant is co-located In 1843. The city hosted other companies, including Fafnier Bearings, PF Corbin, New Britain Machine and Landers, Frere & Clark. Some businesses closed with the decline of the industrial era, while investors moved further south or out of the United States.
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