Madmallard
.223 Rem
Ilion, N.Y. -- Remington Arms Co. reportedly is laying off about 120 workers at its gun manufacturing plant in Herkimer County.
WIXB950 said Wednesday that employees at the Ilion factory, Herkimer County's largest employer, reported that approximately 120 workers "are being shown the door."
The radio station said a company letter addressed to employees stated that 122 union positions were being cut from Ilion and 16 workers were being laid off from the Remington's plant in Lexington, KY. CEO James Marcotuli blamed slowing orders and increased inventory for the cuts, the station said.
The Washington Post reported earlier this week that gun sales nationwide have slowed dramatically since Donald Trump's election as president. Trump has pledged to protect gun rights.
Remington employs a little less than 1,000 people in Ilion. The company employed 1,300 people in Ilion in 2014, but has reduced its workforce since then.
Remington Arms laying off 120 in Upstate New York: report
WIXB950 said Wednesday that employees at the Ilion factory, Herkimer County's largest employer, reported that approximately 120 workers "are being shown the door."
The radio station said a company letter addressed to employees stated that 122 union positions were being cut from Ilion and 16 workers were being laid off from the Remington's plant in Lexington, KY. CEO James Marcotuli blamed slowing orders and increased inventory for the cuts, the station said.
The Washington Post reported earlier this week that gun sales nationwide have slowed dramatically since Donald Trump's election as president. Trump has pledged to protect gun rights.
Remington employs a little less than 1,000 people in Ilion. The company employed 1,300 people in Ilion in 2014, but has reduced its workforce since then.
Remington Arms laying off 120 in Upstate New York: report

cumho, this is due to all the panic buying that took place over the past couple of years. Add that to the fact that all of the distributors, and LGS loaded up on inventory in anticipation of the evil bitch winning the election... and you end up with inventory bloat. Now that President Trump is on office, the panic buying has subsided. All of this should lead to some pretty good pricing for the consumer.