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

SOLON, OHIO — South Korean enterprise Cosmax United states will near its manufacturing facility and workplaces in Solon seven a long time immediately after their grand opening.

When the factory opened in January 2015 it was the company’s first American manufacturing unit, opening in what used to be a L’Oreal shampoo manufacturing facility on at 30701 Carter St. in Solon. The closing will direct to 122 personnel losing their jobs, in accordance to a point out filing.

The manufacturing unit will start out doing away with positions on Sept. 30 and will do so each week until finally Jan. 31, when the plant will be absolutely closed. Cosmax Usa in depth the closing in a letter to the Ohio Department of Position and Family members Services. Corporations are necessary to inform state and regional governments about mass layoffs when they fulfill specified criteria.

A reporter has attained out to Cosmax United states for comment.

Sok-Min Yu, chief executive of Cosmax United states when the manufacturing facility opened, reported in 2015 that the business invested $28 million to transform and transform the 330,000-sq.-foot previous shampoo manufacturing unit into a point out-of-the-art facility especially geared up to make lipstick, foundation, eye shadow, blush and moisturizer.

Cosmax is an original style producer that develops and creates splendor goods for other providers, which then offer them underneath diverse brand names.

The firm also has a investigate heart in New Jersey, but had no other U.S.-centered factories.