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So now what happens? Can the Remington name and patents and tooling be purchased and the company resurrected, as Ithaca was?


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Originally Posted by The_Real_Hawkeye
I like my 870, but that’s the only Remington I own.


I only have a 40+ year old 760, but if I were in the market for a new semiauto shotgun, I'd look hard at the V3.


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Lets not forget the several failed shotgun and pistols they brought to market...and of course a total and utter lack of basic QC.


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Of the $1 billion in debt almost half was borrowed to pay dividends to shareholders. Hard to stay in business during slow times when your pulling all the cash out during good times

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Remington can stay in business making 700s, 870s, 1100s, V3s, and Versamax shotguns. They do need to pick up the pace with QC though...particularly on their rifles.


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Originally Posted by Quak
Remington can stay in business making 700s, 870s, 1100s, V3s, and Versamax shotguns. They do need to pick up the pace with QC though...particularly on their rifles.

Their two NFA-cheating shotguns (non-shotguns) are wildly popular.

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Originally Posted by UPhiker
Originally Posted by Kenneth
Originally Posted by Sycamore
https://www.nytimes.com/interactive/2019/05/01/magazine/remington-guns-jobs-huntsville.html

The news spread around Huntsville, Ala., in the winter of 2014. Remington, the country’s oldest gun maker, had decided to expand from its historic home in upstate New York to a gigantic former Chrysler factory near the airport. Workers at the new plant, the company said, would earn a minimum average of $19.50 an hour assembling shotguns, pistols, hunting rifles and AR-15-style semiautomatics. The city’s mayor wrote in a newspaper column that he was thrilled that Remington’s quest for a new factory space had ended in Huntsville. He calculated the typical annual salary as $42,500.

more



WTF is your point?

Employees making 19 dollars an hour is what killed Remington?

The typical financial genius here usually blames a Union,

Bonus points awarded for being new and innovative,

Employees getting paid, the nerve.

Except workers weren't being paid $19/hr. Read the article.


Quote

...Though the company was supposed to be hiring hundreds of people, workers said that the line appeared suspiciously sparse. In addition, though the jobs had been advertised at $19.50 an hour in newspaper columns and Facebook posts — as they should have been, per the development agreement — no one seemed to be earning anything close to $19.50. Johnson, along with the president of the Huntsville N.A.A.C.P. chapter at the time, the Rev. Robert Shanklin, invited a union organizer from the United Mine Workers of America, the same union that organized Remington’s Ilion plant, to use its church facilities and offices as necessary in order to hold clandestine meetings.

The organizer arrived in Huntsville in 2016. He was born in Birmingham and spent most of his career organizing throughout the South. As a result, he tended to be suspicious of Southern bosses — “I have a warped mind when it comes to Alabama,” he told me — and he expected an oppositional management at Remington. But another obstacle surprised him. From week to week, in Johnson’s church or Shanklin’s N.A.A.C.P. office, the organizer rarely saw the same face twice. It seemed to Shanklin that in order to prevent unionization, the factory was exchanging its full-time workers for temps, who came and went rapidly, never sticking around long enough to have a stake. (Remington declined to comment for this article.)

Though the company was supposed to be hiring hundreds of people, workers said that the line appeared suspiciously sparse

The presence of the temp workers, who were exempt from the minimum average hourly wage in the development agreement, also served as a cautionary tale, a reminder of how much lower you could sink if you raised trouble. Temps started at $9.20 an hour with no benefits. Full-time workers, for their part, were often unaware that the tax-incentive package might entitle them to higher wages than they were receiving. And when they did realize, they were unsure what to do.

While I was in Huntsville, Remington employees told me that if they spoke to me for this article, they would be fired. One woman, a line worker, told me over the phone: “These people, they have ways of finding out if you talked. I talk to you, no ifs, ands or buts, I’m gone. It makes us feel they have something to hide. But we keep our mouths shut. Clock in, clock out.”

I eventually met a former employee, who asked to be identified by her first initial, D., and agreed to talk about her experience at Remington. D. started working full time on the Remington line in August 2015. She was 43 and divorced and moved to Alabama more than a decade earlier from Michigan, along with her 17-year-old son. In 2014 she was earning $10 an hour as a housekeeper at a hospital, but she left for a job at Remington after seeing a newspaper article in which the company promised a minimum average hourly wage of $19.50.

After taking her two-week course at A.I.D.T., D. started work. She was assigned to a boxing station, which was not on an assembly line but at a static counter where the workers stood side by side. The job was boring. She received the guns — they were long guns, for hunting — placed them in boxes, then weighed the boxes on a digital scale. If the scale displayed a red light, that meant D. had missed a part. When she opened her first paycheck, she saw that she was earning $12.36 an hour — gross. After taxes and benefits, her take-home pay amounted to $353.70 a week.

After two years, according to paystubs that D. shared with me, she was earning $14.16 an hour.
...


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What’s next? Bankrupt the company. Wash hands of creditors. Cost cut return the company to profit. Peddle the company off to another private equity company. Boom it’s a cycle, look at bushnell and vista outdoors. I personally have seen a big uptick in quality from Remington very recently

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Originally Posted by Oldelkhunter
Originally Posted by Kenneth
Originally Posted by Sycamore
https://www.nytimes.com/interactive/2019/05/01/magazine/remington-guns-jobs-huntsville.html

The news spread around Huntsville, Ala., in the winter of 2014. Remington, the country’s oldest gun maker, had decided to expand from its historic home in upstate New York to a gigantic former Chrysler factory near the airport. Workers at the new plant, the company said, would earn a minimum average of $19.50 an hour assembling shotguns, pistols, hunting rifles and AR-15-style semiautomatics. The city’s mayor wrote in a newspaper column that he was thrilled that Remington’s quest for a new factory space had ended in Huntsville. He calculated the typical annual salary as $42,500.

more



WTF is your point?

Employees making 19 dollars an hour is what killed Remington?

The typical financial genius here usually blames a Union,

Bonus points awarded for being new and innovative,

Employees getting paid, the nerve.




The point is he is a communist, communists have no economic reality. Lets not blame low grade union workmanship in NY , Trigger Lawsuit which was not handled correctly for any issues. I don't think their deal with Walmart did them any favors either. I want someone to name any company that has ever been bought by a private equity firm that survived and actually grew. They are the financial vampries of this world.

What deal with Walmart? You mean the one where they made all those 700s and 870s to Walmart standards.. 😆


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Originally Posted by Kenneth
Originally Posted by Sycamore
https://www.nytimes.com/interactive/2019/05/01/magazine/remington-guns-jobs-huntsville.html

The news spread around Huntsville, Ala., in the winter of 2014. Remington, the country’s oldest gun maker, had decided to expand from its historic home in upstate New York to a gigantic former Chrysler factory near the airport. Workers at the new plant, the company said, would earn a minimum average of $19.50 an hour assembling shotguns, pistols, hunting rifles and AR-15-style semiautomatics. The city’s mayor wrote in a newspaper column that he was thrilled that Remington’s quest for a new factory space had ended in Huntsville. He calculated the typical annual salary as $42,500.

more



WTF is your point?

Employees making 19 dollars an hour is what killed Remington?

The typical financial genius here usually blames a Union,

Bonus points awarded for being new and innovative,

Employees getting paid, the nerve.


You didn’t read the article...


Originally Posted by 16penny
If you put Taco Bell sauce in your ramen noodles it tastes just like poverty
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Hedge fund operators running a gun manufacture is what bankrupted Remington, just like they bankrupt everything else they get their hands on. It is their business model.


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Here are the folks who made money on Remington...

Cerberus Leadership Team...



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I’ll just add that the OP linked article was a great read.

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Originally Posted by Sycamore
https://www.nytimes.com/interactive/2019/05/01/magazine/remington-guns-jobs-huntsville.html

The news spread around Huntsville, Ala., in the winter of 2014. Remington, the country’s oldest gun maker, had decided to expand from its historic home in upstate New York to a gigantic former Chrysler factory near the airport. Workers at the new plant, the company said, would earn a minimum average of $19.50 an hour assembling shotguns, pistols, hunting rifles and AR-15-style semiautomatics. The city’s mayor wrote in a newspaper column that he was thrilled that Remington’s quest for a new factory space had ended in Huntsville. He calculated the typical annual salary as $42,500.

more



This is what I read,
the part that the OP wanted to showcase and pontificate on,
Nothing more than stroking some false ego.

Wages did not kill Remington, which is the subject title.

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I have an 870, the only Remington worth having( in a lot of year)s, IMO

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Originally Posted by joken2

Originally Posted by UPhiker
Originally Posted by Kenneth
Originally Posted by Sycamore
https://www.nytimes.com/interactive/2019/05/01/magazine/remington-guns-jobs-huntsville.html

The news spread around Huntsville, Ala., in the winter of 2014. Remington, the country’s oldest gun maker, had decided to expand from its historic home in upstate New York to a gigantic former Chrysler factory near the airport. Workers at the new plant, the company said, would earn a minimum average of $19.50 an hour assembling shotguns, pistols, hunting rifles and AR-15-style semiautomatics. The city’s mayor wrote in a newspaper column that he was thrilled that Remington’s quest for a new factory space had ended in Huntsville. He calculated the typical annual salary as $42,500.

more



WTF is your point?

Employees making 19 dollars an hour is what killed Remington?

The typical financial genius here usually blames a Union,

Bonus points awarded for being new and innovative,

Employees getting paid, the nerve.

Except workers weren't being paid $19/hr. Read the article.


Quote

...Though the company was supposed to be hiring hundreds of people, workers said that the line appeared suspiciously sparse. In addition, though the jobs had been advertised at $19.50 an hour in newspaper columns and Facebook posts — as they should have been, per the development agreement — no one seemed to be earning anything close to $19.50. Johnson, along with the president of the Huntsville N.A.A.C.P. chapter at the time, the Rev. Robert Shanklin, invited a union organizer from the United Mine Workers of America, the same union that organized Remington’s Ilion plant, to use its church facilities and offices as necessary in order to hold clandestine meetings.

The organizer arrived in Huntsville in 2016. He was born in Birmingham and spent most of his career organizing throughout the South. As a result, he tended to be suspicious of Southern bosses — “I have a warped mind when it comes to Alabama,” he told me — and he expected an oppositional management at Remington. But another obstacle surprised him. From week to week, in Johnson’s church or Shanklin’s N.A.A.C.P. office, the organizer rarely saw the same face twice. It seemed to Shanklin that in order to prevent unionization, the factory was exchanging its full-time workers for temps, who came and went rapidly, never sticking around long enough to have a stake. (Remington declined to comment for this article.)

Though the company was supposed to be hiring hundreds of people, workers said that the line appeared suspiciously sparse

The presence of the temp workers, who were exempt from the minimum average hourly wage in the development agreement, also served as a cautionary tale, a reminder of how much lower you could sink if you raised trouble. Temps started at $9.20 an hour with no benefits. Full-time workers, for their part, were often unaware that the tax-incentive package might entitle them to higher wages than they were receiving. And when they did realize, they were unsure what to do.

While I was in Huntsville, Remington employees told me that if they spoke to me for this article, they would be fired. One woman, a line worker, told me over the phone: “These people, they have ways of finding out if you talked. I talk to you, no ifs, ands or buts, I’m gone. It makes us feel they have something to hide. But we keep our mouths shut. Clock in, clock out.”

I eventually met a former employee, who asked to be identified by her first initial, D., and agreed to talk about her experience at Remington. D. started working full time on the Remington line in August 2015. She was 43 and divorced and moved to Alabama more than a decade earlier from Michigan, along with her 17-year-old son. In 2014 she was earning $10 an hour as a housekeeper at a hospital, but she left for a job at Remington after seeing a newspaper article in which the company promised a minimum average hourly wage of $19.50.

After taking her two-week course at A.I.D.T., D. started work. She was assigned to a boxing station, which was not on an assembly line but at a static counter where the workers stood side by side. The job was boring. She received the guns — they were long guns, for hunting — placed them in boxes, then weighed the boxes on a digital scale. If the scale displayed a red light, that meant D. had missed a part. When she opened her first paycheck, she saw that she was earning $12.36 an hour — gross. After taxes and benefits, her take-home pay amounted to $353.70 a week.

After two years, according to paystubs that D. shared with me, she was earning $14.16 an hour.
...


The gun industry in general doesn't pay worth a shyt. At least not that I've found to date and I've researched it and/or applied to several manufacturers over the years. I know of some that were paying less in 2014 than the 12.36 listed in the above article for jobs much more demanding in skill and training than packing guns in boxes. In fact, I haven't found anything that pays less for the skill level required and I've worked alot of different jobs in my life. A friend and former co-worker of mine in the gun industry put it this way in a conversation we were having about it one day.. "The gun industry as a whole relies on charity to survive. Most of the workers could make alot more money doing something else but they choose to build guns because that's what they love to do and the gun companies know it and count on it". After working in the industry myself for 10 years I completely agree. You can make more money delivering or packaging potato chips or running a forklift than you can building guns.

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Remington has been quietly paying off lawsuits and lawyers to "handle' defective firearms since the 1950's. It cost them untold millions that couldn't go into R&D to bring innovative products out, or to build better guns. Remington shotguns were last maker to go to interchangeable tube barrels. Everyone else was doing it 15-20 years before Remington. They are STILL using that cheap ass reverse stamped checkering on many of their guns. Mossberg and everyone else gives you real checkering even on the cheapest guns they offer. Remington continued to use that God awful stuff on their top end guns well into the 1990's. They had numerous flops where they misjudged the market and have had serious QC issues since the 1970's.

Remington was circling the drain for years before Cerberus bought them out. They would have gone bankrupt years earlier had they not been bought out. Cerberus just managed to keep them artificially afloat long enough to suck money out of investors.

I read that article yesterday and found it very interesting. What they did shouldn't be legal IMHO. But it isn't the holding company that killed Remington. They just used a dying company to fleece investors with the false hope they could save it.

Last edited by JMR40; 05/03/19.

Most people don't really want the truth.

They just want constant reassurance that what they believe is the truth.
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Originally Posted by Kenneth
Originally Posted by Sycamore
https://www.nytimes.com/interactive/2019/05/01/magazine/remington-guns-jobs-huntsville.html

The news spread around Huntsville, Ala., in the winter of 2014. Remington, the country’s oldest gun maker, had decided to expand from its historic home in upstate New York to a gigantic former Chrysler factory near the airport. Workers at the new plant, the company said, would earn a minimum average of $19.50 an hour assembling shotguns, pistols, hunting rifles and AR-15-style semiautomatics. The city’s mayor wrote in a newspaper column that he was thrilled that Remington’s quest for a new factory space had ended in Huntsville. He calculated the typical annual salary as $42,500.

more



This is what I read,
the part that the OP wanted to showcase and pontificate on,
Nothing more than stroking some false ego.

Wages did not kill Remington, which is the subject title.


I put the link in twice for you to read the whole article.

subject title is about bankruptcy, not wages


Originally Posted by jorgeI
...Actually Sycamore, you are sort of right....
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Originally Posted by Oldelkhunter
Originally Posted by Kenneth
Originally Posted by Sycamore
https://www.nytimes.com/interactive/2019/05/01/magazine/remington-guns-jobs-huntsville.html

The news spread around Huntsville, Ala., in the winter of 2014. Remington, the country’s oldest gun maker, had decided to expand from its historic home in upstate New York to a gigantic former Chrysler factory near the airport. Workers at the new plant, the company said, would earn a minimum average of $19.50 an hour assembling shotguns, pistols, hunting rifles and AR-15-style semiautomatics. The city’s mayor wrote in a newspaper column that he was thrilled that Remington’s quest for a new factory space had ended in Huntsville. He calculated the typical annual salary as $42,500.

more



WTF is your point?

Employees making 19 dollars an hour is what killed Remington?

The typical financial genius here usually blames a Union,

Bonus points awarded for being new and innovative,

Employees getting paid, the nerve.




The point is he is a communist, communists have no economic reality. Lets not blame low grade union workmanship in NY , Trigger Lawsuit which was not handled correctly for any issues. I don't think their deal with Walmart did them any favors either. I want someone to name any company that has ever been bought by a private equity firm that survived and actually grew. They are the financial vampries of this world.

read the article. it's about economic reality in corporate America.


Originally Posted by jorgeI
...Actually Sycamore, you are sort of right....
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