Stanley Black & Decker will be closing its manufacturing plant in New Britain, City Mayor Bobby Sanchez confirms.

It's not clear when the plant will close.

Sanchez said in a statement that he was deeply disappointed by the news. "For generations, Stanley Works has been part of the fabric of our city, providing good-paying jobs, supporting families, and helping build New Britain's proud reputation as the 'Hardware City,'" he said.

Sanchez says the decision "reflects broader instability in the national and global economic environment. Ongoing uncertainty at the federal level, including shifting trade policies and tariffs that have driven up material and production costs that continues to impact manufacturers and global businesses in real and consequential ways. While these forces may be outside our local control, their effects are felt directly by communities like ours."

He adds that his immediate focus is on employees and their families.

Sanchez says he has spoken to Gov. Ned Lamont and has full comment to support the city as they "work closely with state partners, workforce agencies, and community organizations to ensure impacted employees have access to job placement services, retraining opportunities, and support during this transition."

Lamont confirmed in a statement that he is working with Sanchez along with local and states leaders to support "affected workers and to reimagine the factory site so it can continue to create opportunity and strengthen New Britain’s economic future."

"Although Stanley has made the decision to discontinue operations for manufacturing outdated products, a change in workforce opportunities is difficult for employees, their families, and any community. However, I am hopeful that these skilled workers will be repurposed with the help of Stanley Black & Decker, a company that will still proudly be headquartered here in Connecticut," Lamont said.

State Rep. David DeFronzo tells News 12 that the decision will impact 300 employees in the company's tape measure division.

A company spokesperson said in a statement that the decision to close the facility was "the result of a structural decline in demand for single-sided tape measures" which the New Britain plant predominantly makes.

"These products are quickly becoming obsolete in the markets we serve. We are focused on supporting impacted employees through this transition, including providing options for employment at other facilities, severance, and job placement support services for both salaried and hourly employees," they said.

Former New Britain and Republican candidate for governor of Connecticut Erin Stewart released the following statement:

"How many times are we going to see this movie? And how many times are we going to run through the litany of reasons these legacy employers - who have been part of our identity as Nutmeggers - are choosing to leave Connecticut. There's only so long any enterprise can exist with the highest cost of living, the highest cost of energy, the highest cost of doing business, and utter hostility from the state capitol before they have to make the heartbreaking decision to leave or close their doors. For 12 years I had a great relationship with the leaders and employees of Stanley - they are the 'hardware' in the Hardware City. This is a very sad day for New Britain. My fear is that this is actually part of Lamont's plan to solve the housing crisis: he said it was as simple as 'supply and demand.' I thought he meant increasing housing stock, but if he runs enough employers out of Connecticut, there goes the demand."