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Stock impact report

Stanley Black & Decker Closing Last Factory in Founding City [Yahoo! Finance]

Stanley Black & Decker, Inc. (SWK) 
Last stanley black & decker, inc. earnings: 4/30 06:00 am Check Earnings Report
US:NYSE Investor Relations: stanleyblackanddecker.com
Company Research Source: Yahoo! Finance
Stanley Black & Decker plans to close its last manufacturing facility in New Britain, Connecticut, the city home to the company's headquarters. Connecticut Public Radio reported that the action will impact nearly 300 workers at the factory, which primarily makes single-sided tape measures. Company spokesperson Debora Raymond told CPR that the facility's products “are becoming obsolete” as more people rely on electronic devices to measure distance. The Hartford Courant reported that New Britain Mayor Bobby Sanchez blamed the decision on “ongoing uncertainty at the federal level, including shifting trade policies and tariffs that have driven up material and production costs.” Most Read on IEN Dead Vehicle Crowned America's New Cheapest Car ‘Completely Preventable Mistake' Caused Fatal Refinery Accident in Texas PepsiCo to Shutter Southern California Facility, Cut Nearly 250 Jobs Tennessee Volkswagen Workers Ratify First Union Contract Stanley Black & Decker did not provid Show less Read more
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