Last mentioned: Mar 5, 2026
Connecticut Plant Closure
Official announcement of hundreds of job cuts and plant shutdown in CT.
New Britain Impact
Reports emerge regarding the closure of the last New Britain manufacturing site.
Texas Consolidation
Closure of the Fort Worth manufacturing plant announced.
Transformation Launch
SWK announces a $2B cost-reduction plan to streamline operations.
Stanley Black & Decker is shuttering its final manufacturing facility in New Britain, Connecticut, resulting in hundreds of layoffs. This move is a critical component of the company's $2 billion global cost-reduction program aimed at restoring margins amidst a challenging macroeconomic environment.
Stanley Black & Decker has announced the closure of a major Connecticut manufacturing facility, resulting in hundreds of job losses as part of a broader $2 billion cost-reduction strategy. The move signals a continued shift in the company's manufacturing footprint to optimize global supply chain efficiency.