SOLON, OHIO — South Korean enterprise Cosmax Usa will near its factory and offices in Solon 7 a long time soon after their grand opening.
When the manufacturing facility opened in January 2015 it was the company’s initial American manufacturing unit, opening in what applied to be a L’Oreal shampoo manufacturing unit on at 30701 Carter St. in Solon. The closing will lead to 122 staff getting rid of their work opportunities, according to a point out filing.
The manufacturing unit will start eliminating positions on Sept. 30 and will do so each individual 7 days right until Jan. 31, when the plant will be absolutely closed. Cosmax Usa comprehensive the closing in a letter to the Ohio Section of Work and Loved ones Products and services. Companies are required to notify state and local governments about mass layoffs when they meet up with certain requirements.
A cleveland.com reporter has arrived at out to Cosmax United states for remark.
Sok-Min Yu, main government of Cosmax Usa when the factory opened, mentioned in 2015 that the organization invested $28 million to change and change the 330,000-square-foot former shampoo manufacturing unit into a point out-of-the-art facility primarily geared up to produce lipstick, basis, eye shadow, blush and moisturizer.
Cosmax is an initial design and style maker that develops and generates magnificence goods for other companies, which then offer them underneath distinctive brand names.
The company also has a exploration middle in New Jersey, but experienced no other U.S.-centered factories.