Bad fashion news for the dawn of a new decade: Hugo Boss announced today that it will be closing down its Cleveland, Ohio plant and will be laying off its 300 or so workers, reports ABC News.
The Germany-based company currently employs about 900 people in the U.S., but said in a statement that it was shutting down the Cleveland plant because it is operating under capacity and "is not globally competitive," says the site.
Plus, Hugo Boss points out that employees there manufacture only two lines of men's suits for the brand.
There is a bright spot in the doom and gloom though: workers will be paid through the end of April.
Hugo Boss isn't the only fashion company to take a hit this year. This Italian luxury house got creative with its layoffs.