South Korean cosmetics company is closing its Solon factory and offices, eliminating 122 local jobs
SOLON, OHIO — South Korean corporation Cosmax United states will shut its manufacturing unit and offices in Solon seven years soon after their grand opening.
When the manufacturing facility opened in January 2015 it was the company’s first American factory, opening in what applied to be a L’Oreal shampoo manufacturing facility on at 30701 Carter St. in Solon. The closing will guide to 122 staff getting rid of their jobs, in accordance to a point out submitting.
The factory will start off getting rid of positions on Sept. 30 and will do so each and every week right up until Jan. 31, when the plant will be fully closed. Cosmax Usa comprehensive the closing in a letter to the Ohio Section of Job and Household Services. Businesses are essential to advise condition and neighborhood governments about mass layoffs when they satisfy particular requirements.
A cleveland.com reporter has reached out to Cosmax Usa for remark.
Sok-Min Yu, main executive of Cosmax United states when the manufacturing facility opened, explained in 2015 that the organization invested $28 million to transform and completely transform the 330,000-sq.-foot previous shampoo manufacturing unit into a condition-of-the-art facility particularly equipped to make lipstick, foundation, eye shadow, blush and moisturizer.
Cosmax is an original style and design producer that develops and creates natural beauty items for other companies, which then offer them below distinctive model names.
The company also has a study center in New Jersey. Cosmax bought one more U.S.-dependent cosmetics company, Nuworld, in 2017. It also has a dietary supplement manufacturing unit in Texas underneath the CosmaxNBT identify.
