Hugo Boss AG, the German clothier, said Wednesday it will close a 300-worker plant that makes men’s suits in Cleveland, Ohio, according to Associated Press.
The company said in a statement that the decision was made because the plant not being used to its full capacity. Hugo Boss makes two lines of men's suits in the factory.
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Due to the closing, the company will not extend its collective bargaining agreement with the Workers' United union and will close the plant at the end of April.
Outside of Cleveland, Hugo Boss employs approximately 900 people in the U.S. in its stores and showrooms and administrative positions.
Shares of Hugo Boss were down more than half a percent to euro20.05 ($28.94) in Frankfurt trading.
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