Stanley Black & Decker announces plant closures amid B cost-cutting effort

New Britain tool and outdoor equipment maker Stanley Black & Decker announced Tuesday it will close manufacturing facilities in  South Carolina and...

March 25, 2023
1:48 AM

New Britain tool and outdoor equipment maker Stanley Black & Decker announced Tuesday it will close manufacturing facilities in  South Carolina and Texas as part of a supply chain restructuring that aims to cut $2 billion in expenses over three years.  Stanley said it will transfer its Cheraw, South Carolina operations to its facilities in Jackson and Gallatin, Tennessee, and discontinue operations in Fort Worth, Texas. The closures will lead to 175 job cuts at the Texas facility and 182 in South Carolina, the company said, while it will be adding 80 jobs in Tennessee.