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| Economy |
| Remington leaving NY after 200 years |
| 2023-12-15 |
| [We Are the Mighty] Remington is a legendary name among firearm manufacturers like Colt, Smith & Wesson, and Beretta. While Beretta holds the title of oldest firearm manufacturer in the world, Remington claimed to be the oldest U.S. factory still making its original product. The Ilion, New York, facility began producing firearms in 1816. Although it has seen layoffs, temporary closures, and bankruptcies, Remington's 2020 bankruptcy was the beginning of the end for the historic factory. On July 28, 2020, Remington filed for Chapter 11 bankruptcy protection. The company's assets, including iconic brands like Bushmaster, DPMS, and Harrington & Richardson, were divided and sold off. Vista Outdoor purchased the Remington brand name and licensed it to the new company, Remington Arms. Although the new RemArms, LLC announced plans to relocate its headquarters and open new manufacturing facilities in Georgia, the Ilion Facility continued to employ about 270 workers. |
| Posted by:Besoeker |
| #3 ..and as we are seeing, a lot of 'Jewish' dollars which are now redeploying as we type. Wonder if the DNC has noticed their Marxists have set fire to their broad coalition tent. |
| Posted by: Procopius2k 2023-12-15 13:26 |
| #2 All of the liberal politicians and policies were fostered with union dollars. |
| Posted by: Super Hose 2023-12-15 12:53 |
| #1 And the Union is really pissed. The International President of United Mine Workers released a statement calling the closure "extremely disappointing" and the holiday announcement "a slap in the face." Local officials also lamented the shuttering of the Ilion Facility, highlighting the loss of revenue for the area and the displacement of local workers, some of whom are legacy Remington employees. A joint statement by local and state Republicans also expressed goals to assist employees facing the coming layoffs while decrying New York's regulations and taxes which, they say, continue to force businesses and companies to leave the state. "It is because of New York Democrats’ unconstitutional gun grab policies that the oldest gun manufacturer in the country has been run out of the state," Congresswoman Elise Stefanik (R-NY-21) said in her own statement. |
| Posted by: Deacon Blues 2023-12-15 10:11 |