Remington filing bankruptcy

[mowin]

http://money.cnn.com/2018/03/25/news/companies/remington-bankruptcy/index.html

[mowin]

I didn't know it was that bad.  If they fold, it will be a win for the antis

[WNYBuckHunter]

They are restructuring, not going out of business

[Five Seasons]

they'll do fine when they get out of new york.

[Steuben Jerry]

4 minutes ago, Belo said:

they'll do fine when they get out of new york.

Exactly, they've got plants in Alabama, Kentucky, Arkansas, North Carolina, and New York.

NY sticks out like a sore thumb in that list from a cost to do business standpoint. They filed Chapter 11 to restructure their debt. I'm sure once they figure out their way, it will include closing the NY plant.

[dbHunterNY]

in 2015 - 2016 my dream got smashed. i've always wanted a custom shop gun from Ilion, NY and the custom shop facility got closed up and moved to South dakota. nail that started the coffin was the idea that they really mainly did bolt guns and not whatever they made. doing fine when they get out of NY is something nobody cares about. it'll just be another gun at that point carrying only the name. so many people and businesses will more than likely suffer. it'll be like the great depression in that part of the mohawk valley.

[Steuben Jerry]

11 minutes ago, dbHunterNY said:

doing fine when they get out of NY is something nobody cares about. it'll just be another gun at that point carrying only the name. so many people and businesses will more than likely suffer. it'll be like the great depression in that part of the mohawk valley.

Well, then let's see if our public officials can do anything to change that outcome! Where's Shumer? Cuomo? I'm sure there will be a camera or two in Ilion today for them to race in front of..

[dbHunterNY]

3 minutes ago, Steuben Jerry said:

Well, then let's see if our public officials can do anything to change that outcome! Where's Shumer? Cuomo? I'm sure there will be a camera or two in Ilion today for them to race in front of..

i have a feeling like they won't be showing up there. even then i doubt they'd be welcomed with open arms. $87 million of economic prosperity was moved to Alabama largely due to them and the SafeAct.  they tried to control fall out and some still say it had nothing to do with it. alabama PR'd the hell of the idea they're welcomed more down there. also the better setup for production thing is BS. they had a goverment contact to produce tons of similar M4A1 rifles and that's just investment money anyway they'd do with any model or new tooling.  unfortunately, i agree with you. eventually it'll be harder and harder to stay until the day they leave completely. i hope it'll be like Windham weaponary where all employees buy in with outside investors to keep things alive and well.

[Five Seasons]

I spent 2 years in the south. Almost all management was "imported" from the north. While the cost of labor and living is substantially cheaper, in addition to more employer friendly regulations. The talent is just not there. Now please don't take that as a jab to the people. They're hard working and great people. But there isn't as much history and competition to pull from. My company made carbon fiber jet engines. We literally hold your life in our hands when you fly. And no joke, 90% of our production workers had no prior manufacturing experience. They came from retail, food and the farm. Turnover was high but we did get some great workers too.

My point is that you can't just pickup decades worth of knowledge in skilled trades like Remington has in NY and move to the south and expect it to translate easily... and it's a shame the state has forced many businesses (not just firearms) to do just that.

[Jeremy K]

14 minutes ago, Belo said:

I spent 2 years in the south. Almost all management was "imported" from the north. While the cost of labor and living is substantially cheaper, in addition to more employer friendly regulations. The talent is just not there. Now please don't take that as a jab to the people. They're hard working and great people. But there isn't as much history and competition to pull from. My company made carbon fiber jet engines. We literally hold your life in our hands when you fly. And no joke, 90% of our production workers had no prior manufacturing experience. They came from retail, food and the farm. Turnover was high but we did get some great workers too.

My point is that you can't just pickup decades worth of knowledge in skilled trades like Remington has in NY and move to the south and expect it to translate easily... and it's a shame the state has forced many businesses (not just firearms) to do just that.

I went down south a few years back ,handed out some resumes to various shops . One place, the guy ran out and flagged me down for an interview on the spot . The money wasn't enough to even consider relocating. 

[dbHunterNY]

my dad worked for a manufacturing plant for i think a couple decades. they made chain, sprockets, etc. they pushed for him to relocate to Georgia. He basically told them not a chance all my family is here. i think the plant almost got shutdown but is still stayed a while because many wouldn't move. i think it's closed now. not sure if something else took its place.

i was an engineer for a short time in the manufacturing industry. each machine has it's own quirks to deal with and get a quality product from. i don't know how many times at my old job management changed operators and had tons of problems. we'd have to go down and go through programming and access things like bearings. then they'd put the past operator back on it and everything went smooth as butter and the product was perfection. it's crazy to think multiple generations of the same family are possibly running the same machines. that's invaluable. you can't buy that or even fix it with new equipment.

[Rattler]

Remington isn't the only firearm company to leave NY, and they're all moving out in the same time period.  Kahr firearms moved to PA right after the SAFE Act was forced on us.  Kimber is getting out of Yonkers too.  Cuomo was very adamant about them not being wanted in NY.  When you consider the number of jobs lost and the economic impact of these losses, people should be screaming at Cuomo for his arrogance and stupidity.  But they aren't.  They allow it to be rammed up their wazoo.  NY has a very unfriendly business climate for all businesses.  It's as if they want the economy to tank and get all of the citizens dependent on government handouts.

When the people of any state are willing to let leftist, anti-business, anti-gun politicians ruin their state with progressive ideology, they better be willing to accept the economic decline that will follow.  Detroit, Chicago, Milwaukee, Buffalo, Albany, Trenton and Philadelphia are all prime examples people should look to when Democrats start preaching about their "Hope & Change".  Their most loyal voting base is comprised of people living off government assistance.  Too bad they can't understand the handouts come from the party that put them on handouts.

Any firearm manufacturer that remains in NY state deserves to go out of business.