If a factory or business shuts down or if someone shuts it down, work there stops or it no longer trades as a business.
Smaller contractors had been forced to ~...
It is required by law to ~ banks which it regards as chronically short of capital...
Mr Buzetta sold the newspaper’s assets to its competitor and shut it down.
PHRASAL VERB: V P, V P n (not pron), V n P
see also shutdown