Stanley Black & Decker to cut hundreds of jobs, shut Connecticut plant [FOX Business Network]
Stanley Black & Decker, Inc. (SWK)
Last stanley black & decker, inc. earnings: 4/30 06:00 am
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stanleyblackanddecker.com
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Source: FOX Business Network
Stanley Black & Decker said it will eliminate roughly 300 positions in New Britain, Connecticut , and close a manufacturing facility that produces single-sided tape measures as part of its ongoing restructuring efforts. The move is tied to what the company described as a sustained decline in demand for the product category. The New Britain site primarily manufactures single-sided tape measures, which the company said are becoming obsolete in certain markets. "As a result of a structural decline in demand for single-sided tape measures, we have decided to close our facility in New Britain that predominantly makes these products," Debora Raymond, vice president of external communications for Stanley Black & Decker, said in a statement to WFSB. "These products are quickly becoming obsolete in the markets we serve." Raymond said the company is focused on assisting affected workers through the transition, including exploring opportunities at other locations as well as providing seve
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News
- Stanley Black & Decker plans to lay off 300 employees when New Britain factory closes [Yahoo! Finance]Yahoo! Finance
- Stanley Black & Decker to cut hundreds of jobs, shut Connecticut plant [Yahoo! Finance]Yahoo! Finance
- Does Stanley Black & Decker's (SWK) New Britain Exit Hint At A Deeper Shift In Its Tool Strategy? [Yahoo! Finance]Yahoo! Finance
- Medicare Premium Growth Often Exceeds Inflation [Yahoo! Finance]Yahoo! Finance
- Mizuho Lifts Stanley Black & Decker (SWK) Price Target to $110 on Improving Peer Valuations [Yahoo! Finance]Yahoo! Finance
SWK
Earnings
- 2/4/26 - Beat
SWK
Sec Filings
- 3/3/26 - Form 4
- 3/3/26 - Form 4
- 3/3/26 - Form 4
- SWK's page on the SEC website