Remington loses $3 million in Alabama incentives -- may be planning layoffs

[eppur_se_muova]

Remington loses $3 million in Alabama incentives
Posted Mar 20, 2019

By Paul Gattis | [e-mail]

Remington Arms has failed to meet hiring and payroll targets at its Huntsville plant, costing the beleaguered gunmaker $3 million in incentives from the state of Alabama.

Alabama Secretary of Commerce Greg Canfield, in an email Tuesday to AL.com, spelled out the canceling of the final $3 million cash incentive payment to Remington.

It’s the latest turn for the company that is still obligated to hire almost 2,000 workers in Huntsville by 2023. But last year, the company filed for bankruptcy and the city of Huntsville restructured its incentive package with Remington in an effort to allow it to recover from that bankruptcy.

And earlier this month, a report from New York said that Remington was planning layoffs at three locations, including Huntsville. A Remington spokesman declined to comment on the possibility of cutting jobs.
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more: https://www.al.com/news/2019/03/remington-loses-3-million-in-alabama-incentives.html?__vfz=rtw_top_pages%3D2338500014423


So much for Gunz Will Save Our Economy.

[Pope George Ringo II]

1. It was worth a shot.

[flamin lib]

4. Ba-dum-ching

[Pope George Ringo II]

5. The industry is in trouble and going down. Lock, stock, and barrel.

Don't forget to tip your waiter.

[flamin lib]

7. Prior to 1970 the gun industry catered to hunters and outdoor sports.

As the US became urbanized and those markets shrank they turned to "self defense" and moved from marksmanship and safety to fear of "the other" stoking racism and paranoia. They went from accuracy and sportsmanship to rate-of-fire and lethality.

All semi automatic firearms that accept removable magazines should be banned along with the manufacture, transfer or possession of same.

[Pope George Ringo II]

8. Their core demographic is a bunch of old men eating chicken fried steaks for breakfast

They're going to have to adapt if they want to survive, from a purely commercial POV. Whether they should is, of course, its own argument.

Stuffing the firearm genie back in the bottle is going to be quite a job. I think the tide has turned and it's only a matter of time, but it's going to be ugly. I'll be moving to Dublin (most likely) later this year and watching with interest.

[keithbvadu2]

2. Is Remington thanking the Trump economy?

Is Remington thanking the Trump economy?

[TwilightZone]

3. They should have supported Hillary.

I'm not even joking. The gun-grabbers argument works so much better with the rubes when a Democrat is in office. Kind of hard to motivate people to irrationally rush out and buy more guns when you don't have an obvious target to point to, pun intended.

[Pope George Ringo II]

6. They were making cracks about calling Obama "Gun Salesman of the Year."

You're not wrong.