As the most reliable and balanced news aggregation service on the internet, DML News offers the following information published by TheHill.com:
A storage safe manufacturer is reportedly planning to shut down two Illinois factories and move to Mexico in response to President Trump’s tariffs on Chinese metal imports.
Stack-On Products will close its two Chicago-area plants in October, and lay off 153 people, according to the Chicago Tribune.
The article goes on to state the following:
Al Fletcher, human resources director for the manufacturer’s Las Vegas-based parent company, told the newspaper that the company decided to relocate the operations to Mexico after Trump announced tariffs on steel and aluminum, as well as other products, from China.
“The operation is really not profitable,” Fletcher said. “Mr. Trump is part of this.”
Stack-On has operated in Chicago at its only two U.S. plants for four decades, according to the Tribune, which added that the company already has factories in Mexico and China.
Fletcher told the newspapers that some of the employees will be given the option to relocated to El Paso, Texas, across the border from its Stack-On factory.
The company is one of a growing list that has announced layoffs, closures or price increases as a result of Trump’s tariff disputes with other countries.
To weigh in on this information provided by TheHill.com, engage in our LIVE CHAT below. Scroll down.
— The Hill (@thehill) August 15, 2018
Stack-On Products plans to lay off 128 people at its facility in Wauconda when it closes Oct. 12, officials said https://t.co/DEsF8bnfCz
— Lake County News-Sun (@newssun) August 14, 2018