factory shutdowns
Manufacturing facilities closing
Factory shutdowns are the closing of manufacturing facilities, whether temporary or permanent.
A temporary shutdown may occur for retooling, maintenance, or in response to falling demand: The automaker announced summer factory shutdowns to reduce inventory.
Permanent shutdowns typically result from economic pressures, automation, or relocation of production elsewhere.
- closuresActs of sealing shut
- layoffsMass job eliminations
- unemploymentBeing without paid work
- hard timesPeriod of difficulty
- idleWithout activity or purpose
going out of business · machinery · workers · skeleton crew · last day · picket · recession · outsourcing · downsizing · bankruptcy · abandoned · for sale sign · rust · rust belt · silent · empty · production · assembly
factory shutdownscapital investment
Funds for durable assets
job creation · reindustrialization · reshoring · industrial expansion · industrial growth
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