Stanley Black & Decker Inc., the world's largest tool company with $15.13 billion in revenue in 2025, plans to close its underperforming Hampstead, Maryland, factory and lay off 55 workers, according to a WARN notice filed with the Maryland Department of Labor on August 19. Layoffs begin October 23, 2026, and continue through the facility's closure by March 26, 2027. The company cited a steady decline in volume for materials produced at the site, which was built in 1951 and once employed 3,800 workers. Stanley Black & Decker will offer affected employees options for employment at other U.S. facilities, severance, and job placement support. The closure follows similar moves by other retailers and manufacturers, including Walgreens closing about 100 stores in 2026 and Raley's closing seven locations.
Stanley Black & Decker IncClosing Maryland factory due to declining volume, laying off 55 workers.
