South Korean cosmetics company is closing its Solon factory and offices, eliminating 122 local jobs

SOLON, OHIO — South Korean organization Cosmax Usa will shut its manufacturing unit and workplaces in Solon seven yrs right after their grand opening.

When the manufacturing facility opened in January 2015 it was the company’s initially American manufacturing facility, opening in what used to be a L’Oreal shampoo factory on at 30701 Carter St. in Solon. The closing will lead to 122 staff losing their careers, according to a condition filing.

The manufacturing unit will commence reducing positions on Sept. 30 and will do so every single 7 days right until Jan. 31, when the plant will be fully shut. Cosmax United states of america in depth the closing in a letter to the Ohio Department of Position and Relatives Products and services. Firms are expected to advise point out and local governments about mass layoffs when they meet particular conditions.

A cleveland.com reporter has arrived at out to Cosmax United states for comment.

Sok-Min Yu, main government of Cosmax United states of america when the manufacturing facility opened, claimed in 2015 that the enterprise invested $28 million to transform and change the 330,000-square-foot former shampoo manufacturing unit into a point out-of-the-artwork facility especially equipped to create lipstick, basis, eye shadow, blush and moisturizer.

Cosmax is an primary layout manufacturer that develops and makes magnificence solutions for other providers, which then market them less than various model names.

The business also has a investigate middle in New Jersey, but experienced no other U.S.-centered factories.