SOLON -- Solon's economic director has confirmed the city has been informed by L'Oreal of the company's plans to shut down its facility there by the end of 2013.
The move impacts 260 jobs.
L'Oreal released a statement in part that reads, "The decision to relocate the majority of production and equipment to the company's Florence, Kentucky and Franklin, New Jersey plants was taken to ensure that the company could meet the business growth for professional products anticipated in the future. All shampoo and conditioner production will be centralized at one location in North America."
L'Oreal says employees will be given the chance to relocate to other company sites where possible. Those unable to relocate will be given severance and job placement help.
The company says it plans to maintain its Streetsboro distribution facility.
The economic director says L'Oreal is about 14th on the list of the city's largest employers.
The facility has operated in Solon since 1975 when it was Matrix Essentials which was eventually bought out by L'Oreal.
The City of Solon says while it is a loss for the city- especially when it comes to jobs- they have other projects in the works to make up for the loss of L'Oreal.