LISTEN: Stanley Black & Decker Closing Last Factory in Founding City

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.”#StanleyBlackAndDecker #ManufacturingNews #FactoryClosure #ConnecticutJobs #NewBritain #HardwareCity #IndustrialNews #Layoffs #USManufacturing #TradePolicy #Tariffs #CostCutting #SupplyChain #BusinessNews #EconomicImpact #GlobalCostReduction #MadeInUSA #ManufacturingJobs #CorporateRestructuring #IndustryTrends