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

SOLON, OHIO — South Korean business Cosmax United states will near its manufacturing facility and offices in Solon seven years right after their grand opening.

When the manufacturing unit opened in January 2015 it was the company’s first American factory, opening in what made use of to be a L’Oreal shampoo manufacturing unit on at 30701 Carter St. in Solon. The closing will lead to 122 personnel shedding their jobs, according to a condition submitting.

The factory 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 wholly shut. Cosmax United states of america specific the closing in a letter to the Ohio Division of Work and Spouse and children Providers. Businesses are demanded to advise state and community governments about mass layoffs when they meet up with particular criteria.

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

Sok-Min Yu, main govt of Cosmax United states of america when the factory opened, stated in 2015 that the firm invested $28 million to convert and remodel the 330,000-square-foot former shampoo factory into a condition-of-the-art facility specifically outfitted to make lipstick, foundation, eye shadow, blush and moisturizer.

Cosmax is an original style and design maker that develops and makes splendor items for other corporations, which then market them beneath unique manufacturer names.

The business also has a study middle in New Jersey, but experienced no other U.S.-based mostly factories.