Remington Arms Furloughed 600 Workers
BY Herschel Smith
From Sniper’s Hide.
Plant-wide furlough at Remington Arms; more than 600 affected
More than 600 Remington Arms workers were furloughed Thursday. They learned through an email from Remington Outdoor Company CEO, Ken D’Arcy, when they got to work Thursday. They left the plant shortly after learning of the plant-wide furlough, at around 12:30.
As to how this sort of thing can happen, one commenter notes:
Lawsuits
Unions
RP9 Pistols
R51 Pistols
Ho Hum AR’s
Ruger, Howa, Tikka, Bergara, and the rise of “production class” customs eating your lunch in the bolt action segment
Hornady
Bad decisions. True enough, being in a collective bargaining state rather than a right to work state harmed them, as it will any company. They should have relocated as should any firearms manufacturer located in the Northeast.
But they have made some extremely bad business and financial decisions like waiting far too long to acknowledge the problems associated with the 700, failures they even duplicated in non-trivial numbers by their own testing.
Other firearms manufacturers have been smarter and faster, and the firearms-buying public has too many very good options to settle for mediocre products these days.
There is also the issue of the fact that Cerberus / Freedom Group was essentially a company of “financial engineers” (I loath that term for reasons that would send me off on a rant) who worked hard to squeeze every last drop of money out of the company and leave it bankrupt.
This serves as an object lesson to firearms manufacturers everywhere. [1] Don’t sell out to financial engineers who want to rape the company, [2] admit and fix flaws in guns, and do it fast, [3] get out of union states, [4] give the public what they want by being innovative, cost effective and smart, but don’t make trash, and finally, [5] hire good engineers.
We’re all watching the remaining firearms manufacturers located in the Northeast. If you are one of them, why are you still there?
Prior: Gun Valley Moves South