As we have been chronicling, Colt Manufacturing is bankrupt and going down the tubes. Top executives are grabbing for their golden parachutes while trying to weasel out of expensive contracts they made with their workers. No matter how the judge rules, chances are this won’t end well. In all likelihood, the brand will be sold off cheap with very little left behind save the storied name. Remington’s so deep in debt over their various and sundry failures and lawsuits that even the formerly rapacious artist formerly known as The Freedom Group can’t ride to the rescue. In fact, there isn’t so much as a peep about a potential buyer for the bargain-priced manufacturer. With things looking so glum, it was a surprise that we stumbled across . . .
a press release from Colt stating that they are, in fact, hiring.
Colt, the iconic Connecticut firearms manufacturer announces its renewed effort to engage top-performing talent in many key areas of the business.
[…]
Colt is currently hiring in many areas of the business including engineering, supervisory and procurement, amongst others. The company offers a comprehensive and competitive benefits package. Colt is an Equal Employment Opportunity and Affirmative Action employer.
No doubt these new engineering positions are intended to get Colt back into fighting shape. If Colt can release a truly new and innovative firearm line into the world, maybe they can start digging their way out of bankruptcy. Then again, that would require a single-minded focus on the civilian firearms market – something Colt hasn’t done in decades, ever since they got their cushy government contracts.
It might be too late for Colt. I’d love to see them start manufacturing some of the stuff on their “greatest hits” list again. But like a morbidly obese person on the starting line of a marathon they’re already way behind the curve if they want to be competitive. So, you know that famous flag “Join or Die?” Think opposites’ day.