Remington To Move
BY Herschel Smith
3 years ago
The extent of this isn’t clear to me from the article.
Remington Firearms, the country’s oldest gun manufacturer, will be moving its headquarters from Ilion, New York, to Georgia, the company announced Monday.
As part of the deal, the company said it would invest $100 million in the operation and hire 856 people over a five-year period in Troup County.
It was not immediately clear what effect the transfer would have on Remington’s operations in New York and Tennessee. The company owns the parts of the former Remington Outdoor Co. which makes rifles, shotguns, and some handguns after the former parent auctioned its assets in pieces last year during a bankruptcy proceeding in Alabama.
Investors doing business as the Roundhill Group purchased the Remington-branded gun-making business, including operations in Ilion, New York, and Lenoir City, Tennessee, for $13 million.
[ … ]
Phil Smith, a spokesperson for the United Mine Workers of America, which represents some workers at a factory in Ilion, said the union had no information about whether workers in New York would be affected. The new owners recently restarted operations there, calling back more than 200 workers who had been laid off. The local government in New York offered 10 years of tax breaks in exchange for the restart and upgrades.
Well, at this point, you can color me confused. I don’t know what parts are left after the sale, what is moving, and what they will be manufacturing.
This move is far too late, but I hope they can make a go of it and get back to good guns after Cerberus financially engineered the life out of them.
And if they want to make good stuff without the hassle of a union, getting to a right to work state is the best idea. Keep the union out.
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On November 9, 2021 at 10:58 am, Fred said:
Zero clue what they do here. Lenoir City is incorporated but geography indistinct from Knoxville. Didn’t even know they do anything here. And Georgia is about to flip democrat, FYI.