Remington lays off 600, refuses to pay severance or vacation.

[Mr. Zorg]

IIRC Aguila uses the former Remington facility in Mexico and has played up their use of the shot tower Remington built - Remington's foray into manufacturing in Mexico wasn't particularly long lived. Whatever writing they saw on that wall, they must have used dyslexic spectacles to interpret. However Aguila made good enough use of that facility to grow, modernize, and now has additional production in Conroe TX.

The Aguila Story | Aguila Ammunition

Aguila is Latin America’s foremost ammunition maker and one of the world’s largest producers of ammunition. Learn about history and our plans for the future.

www.aguilaammo.com

South of the Border: The Aguila Ammunition Story

Aguila Ammunition is Mexico's largest ammunition manufacturer. Find out more about the unique centerfire and rimfire ammo offered by Aguila.

gundigest.com

So it wasn't a case of no company doing what Remington did couldn't be successful and that goes way back as you mentioned.

 

[Downeast]

Can someone enlighten me on what happened at Savage Arms many years ago? They nearly disappeared as well. But they came back strong and are selling a lot of firearms.

 

[hogpatrol]

Can someone enlighten me on what happened at Savage Arms many years ago? They nearly disappeared as well. But they came back strong and are selling a lot of firearms.

IIRC, They brought someone in who knew how to make accurate barrels.

 

[Kracken McGraw]

Will there be anymore 7 1/2 SRP made now , or is the end of them once current supply is extinguished?

 

[markT]

Sounds like a great opportunity for a business school to do a study on Remington and present it on maybe Outdoor Channel. Or maybe Fox News can do a documentary? Or perhaps 60 minutes? Wouldn't that be fun? Fox new does a documentary and 60 minutes does a documentary.. We get to watch both.. It would be like going to watch a football game with some with dementia...

 

[Evan]

the 20 & 30-somethings are all really smart, but they don't have the benefit that experience gives a person (knowledge + experience = wisdom) and unfortunately they never will. Because - it's just a job to them, it is not a career.

That's not really a fair assessment of the work force. Companies have discovered that old, wise workers cost them a lot of money. Pensions cost even more money, particularly with people living 20-30 years beyond retirement. So it's not an option anymore. Companies don't offer careers or pensions, they offer jobs. They don't pay for experience anymore. They pay for the job. This means old folks are pushed out and the workers in line behind them are only offered small pay raises and "promotions" that barely increase their buying power and result in a poorer working class than the previous generation enjoyed.

 

[300_whisper]

@Evan hit it on the head 1000%. I see it with my job. The old guys who have been there for 30-40 years have a sense of pride at work. Like it’s their name on the product. You can’t beat that out of them. But with the way my company treats new employees, you can see the way the new employees act. They definitely have a “it’s pays the bills” mentality. So they don’t question the raise, the hours, or the health care. It’s just the way companies are driving the workforce. Remington is no different. The guys who purchased remington don’t care about the employees. If anyone says others wise they are either politicians or liars.

 

[Hohn]

I'm not a huge Remington fan, but if this is how the new owners are treating their workers, I will boycott their business in the future.

Remington Arms, oldest U.S. gunmaker, to lay off 585 employees in New York, union says

Remington Arms, the oldest gunmaker in the country, is laying off nearly 600 workers in New York, according to an employee union.

www.yahoo.com

There’s nothing Remington makes that I want. So I was already “boycotting”. If I wanted a 700, I’d buy a bergara or build a custom instead.

 

[bobcat93]

I'm an 80 year old Vietnam vet. My first job out of college was with Remington Arms in Bridgeport, CT when it still belonged to DuPont. That was the ammunition plant. I also spent some time at the Ilion, NY gun plant. During those years, employees and management were proud to produce a quality product. These plants, however were ancient and needed to come into the 20th century. They were probably built during the civil war. During the 1960s, Remington opened a plant in Oklahoma and Cuernevaca, Mexico. They saw the handwriting on the all back then. Compared to today's modern manufacturing facilities, the old ones were inefficient both from a physical standpoint and personnel. I have no problem upgrading factories, but over the years, we've been poisoned by the love of money and profit has superseded quality and customer service. I just can't believe you can buy a centerfire rifle or a shotgun for $300. Of course, you don't get a wood stock or highly polished blued steel. Everything is cheap, cheap, cheap. Yes they function well, but there's nothing pretty to look at, and nothing that you would care to hand down to your heirs. I left Remington after a couple of years because I saw no future in it. I will add one thing, though. If you produce a quality product at a fair price and have good customer service, that's the recipe of success. That's why Ruger, S&W, Kimber etc are still in business. Everyone seems to like Colt, but when I lived in CT, Colt's quality was hit and miss. I would never buy another Colt product.

Thank you for your post

 

[kvd]

Does anyone know the status of Advanced Armament Corporation which was a part of Remington but may now be a part of JJE Capital Holdings LLC? Been trying to get in touch with them for weeks and not making any headway.

 

[jelenko]

I just read that the former CEO of Remington was actually behind the buyout by Roundhill and is now, again, CEO of Remington.

 

[Kracken McGraw]

I just read that the former CEO of Remington was actually behind the buyout by Roundhill and is now, again, CEO of Remington.

Is that good or bad?

 

[Coyotefurharvester]

Actually the opec oil embargo and Iran revolution and Carters high individual and corporate tax rates and epa regulations during an economic recession hit the steel mills hard. Then Carter refused to allow a taxpayer backed re-organization(new owners) of already shutdown mills. By the time Reagan was in office most layoffs and shutdowns had occurred, and his option as a conservative was to allow the free market to determine whether a business was viable. The first term of Reagan was much like Trump's, regulations and administrative resistance. What Trump could do was free up energy production, and the positive reaction of the stock market to it. This spurs expansion and job growth and business taking risks.

 

[jelenko]

Is that good or bad?

I took it as bad. He acted to hide his participation in the buyout. And, he's the same person who led Remington to bankruptcy. Has the earmarkings of self dealing.

 

[Texas10]

The super rich just love it when average americans blame one party or the other. The super rich know that regardless of who's in the W.H. or Congress, they can always BUY any law, tax break or SCOTUS judge they want because like the corona-virus, money doesn't care what your party affiliation is, you WILL become infected.
There aren't enough super rich to sway an election either way, but that doesn't stop them from spending billions to keep up the distractions, the fake news, the blame game in order to keep the blame off them. That's called misdirection, and far too many fall for it.

When I read this or that President was to blame for economic ruin during the early 80's, I find that hilarious. Here is an easily researchable fact. In '79, '80 and '81 inflation averaged 15% per YEAR. The means that the super rich lost 45% of their net worth in just 3 years, and you gotta know that they didn't take that laying down. They sucked that net loss right back out of the paychecks of everyday americans over the next 5 decades, and they're still sucking.

The blame for where we are lies squarely in a political process that allows unlimited dark money to infect our political process. Only once we've cut off the corrupting influence of unlimited money and end lawmakers choosing personal enrichment over what's good for americans, will we begin to make progress.

This isn't a red or blue issue, it's a green issue.

Update: This article just popped up which echos what I wrote above about how the super rich are robbing most working Americans. Written by a former US Sec. of Labor, author of several book on the economy.

Trump's refusal to concede is just the latest gambit to please Republican donors

Millions who should be ranged against the American oligarchy are distracted and divided – just as their leaders want * Biden reaches across the aisle – is he walking into a trap?Leave it to Trump and his Republican allies to spend more energy fighting non-existent voter fraud than containing a...

www.yahoo.com

 

[Kracken McGraw]

The super rich just love it when average americans blame one party or the other. The super rich know that regardless of who's in the W.H. or Congress, they can always BUY any law, tax break or SCOTUS judge they want because like the corona-virus, money doesn't care what your party affiliation is, you WILL become infected.
There aren't enough super rich to sway an election either way, but that doesn't stop them from spending billions to keep up the distractions, the fake news, the blame game in order to keep the blame off them. That's called misdirection, and far too many fall for it.

When I read this or that President was to blame for economic ruin during the early 80's, I find that hilarious. Here is an easily researchable fact. In '79, '80 and '81 inflation averaged 15% per YEAR. The means that the super rich lost 45% of their net worth in just 3 years, and you gotta know that they didn't take that laying down. They sucked that net loss right back out of the paychecks of everyday americans over the next 5 decades, and they're still sucking.

The blame for where we are lies squarely in a political process that allows unlimited dark money to infect our political process. Only once we've cut off the corrupting influence of unlimited money and end lawmakers choosing personal enrichment over what's good for americans, will we begin to make progress.

This isn't a red or blue issue, it's a green issue.

I remember those years that you posted there. I was just trying to get a start on my own and had bank notes of eighteen and twenty-one percent interest to cover business operation expenses, those were not good times.

 

[bobcat93]

I took it as bad. He acted to hide his participation in the buyout. And, he's the same person who led Remington to bankruptcy. Has the earmarkings of self dealing.

A++++ thats how its done..see what i mean....the business men of yesterday are all but gone..now all thats out the are professional swindlers..hahaha..
I dont see any one investing in America because we don't produce a damn thing anymore and the government makes sure of it..so they can control the financial landscape.. the only way a small business can actually profit is to be dishonest..and if you tell me im wrong..ill say your 100% correct..
We have become nothing but a country of military services ran buy the people the government chose for us to vote for..