Stanley Black & Decker Permanently Shut Down Its Manufacturing Facility in Shenzhen, China

Stanley Black & Decker Permanently Shut Down Its Manufacturing ...

Stanley Black & Decker Permanently Shut Down Its Manufacturing Facility in Shenzhen, China


Author: Z. Li       

According to Chinese media, Stanley Black & Decker permanently closed its manufacturing facility in Shenzhen on Oct. 26, 2020. Stanley & Black Decker Precision Manufacturing Shenzhen Co. Ltd, a wholly owned China unit by Connecticut-based Stanley Black & Decker, was established in 2012. It produces electric drills, small household appliances and other products. Public data shows the company had 1194 employee last year and reported about 150 million USD in assets and 300 million USD in sales. It has become the latest to join many American companies to bring back jobs to the United States from China.

A manager of Stanley Shenzhen said, “I have been working for more than 20 years, and it is the first time I have ever seen such a high severance compensation. It can be said that no one in our factory is sad.” To avoid criticism from the government, the manager had to lie to the public: “The factory will move to Suzhou”, which is totally not true.

The manager told the reporter: “The factory will move to Suzhou and merge with Stanley Black & Decker (Suzhou) Power Tools Co., Ltd. after dissolution. We have been here (Shenzhen) for ten years. The lease term will end next year. The rent has risen too high. Now it costs 38 CNY per square meter, which is simply unacceptable.”

According to Dr. Cheng Wanli’s report (https://gnews.org/zh-hans/512934/), CCP’s Department of Labor shamelessly said that Stanley’s high severance pay was to buy Chinese people’s support and set traps for other Chinese companies. They also claimed that the part of the overpayment was invalid, and the company should take it back. China Labor Law clearly states that the interests of dismissed employees should be legally protected. However, it can be seen from CCP’s comments that even the standard severance compensation cannot be honored in communist China.



 
Due to the trade war with China and insecurities of supply chains due to COVID-19, U.S. companies are moving their manufacturing operations back to the U.S. from China.

In May 2019, Stanley Black & Decker announced that it planned to move production of Craftsman wrenches, ratchets, sockets and more back to the United States from China. The new plant will be based on a 425,000-square-foot facility in Fort Worth, Texas, and projected to be running in late 2020. About 500 people will be employed at the new $90 million facility, which will utilize robots in the forging presses to boost output compared to the older forging machinery now used in China. This will keep production costs in-line with those in China, according to the Wall Street Journal.

reviewer: Ivy


0

Views: 53

Comment

You need to be a member of 12160 Social Network to add comments!

Join 12160 Social Network

"Destroying the New World Order"

TOP CONTENT THIS WEEK

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

Latest Activity

cheeki kea commented on tjdavis's photo
1 hour ago
cheeki kea commented on cheeki kea's video
Thumbnail

This Woman DESTROYED Harley-Davidson's Future Forever

"It's a sad day on the highway. But I guess the show must go on. Watch out for the ruination of…"
2 hours ago
cheeki kea posted a video

This Woman DESTROYED Harley-Davidson's Future Forever

This Woman DESTROYED Harley-Davidson's Future ForeverWelcome to Ride Radar – Your Frontline Source for Motorcycle Deals, Trends & Market Mayhem.Looking for t...
3 hours ago
tjdavis posted a photo
9 hours ago
Burbia posted a status
"Who knew releasing the MLK files and literally deflecting, it ends up implicating himself with the Epstein Files."
yesterday
Burbia posted a video

Dan Bilzerian DEMOLISHES MAGA Nutjob Patrick Bet-David on His Own Show

Watch as two powerhouse personalities collide in this no-holds-barred debate on one of the world’s most contentious issues. Patrick Bet-David, known for his ...
Monday
Doc Vega's 7 blog posts were featured
Sunday
tjdavis's 2 blog posts were featured
Sunday
Less Prone favorited tjdavis's blog post Track AIPAC
Sunday
FREEDOMROX's blog post was featured

MRNA VACCINES: Question

Hello my fellow sojourners,I know it has been five years since the Plandemic, but one question has…See More
Sunday
Less Prone favorited FREEDOMROX's blog post MRNA VACCINES: Question
Sunday
cheeki kea commented on cheeki kea's photo
Saturday
cheeki kea posted a photo
Saturday
Doc Vega posted blog posts
Friday
Doc Vega commented on Doc Vega's blog post Marjory Taylor Green Proposes Bill Abolishing Geoengineering or Weather Modification
"cheeki kea Marjory is in a daily battle with Democrats on the hill constantly coming up with more…"
Friday
Doc Vega posted blog posts
Jul 16
Mr. Sizzle favorited Less Prone's video
Jul 15
tjdavis posted a photo
Jul 15
Doc Vega posted a blog post

The Saga of Joe Adams May Have Solved What's Behind the Numerous Disappearances Going on in our National Forests

     The year is 2023 in September. A nature’s photographer and experienced survivalist, Joe Adams…See More
Jul 14
Sandy posted a video

Aron Siri's opening statement, Senate Hearing on Covid Vaccines, May 25

Opening statement Aaron Siri, Managing Partner, Siri & Glimstad, L.L.P.Senate Homeland Security and Governmental Affairs, Permanent Subcommittee on Investiga...
Jul 14

© 2025   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted