A few days ago news broke that Remington layed off 122 employees at their Ilion, New York plant. While some have tried to claim there is no post-election slump, the actions of a number of manufacturers say otherwise. SilencerCo, Colt, and others have taken similar steps to trim labor costs in order to navigate the new lower-demand economic conditions hitting the industry. And this probably won’t be the end of these stories.
Word now comes from Remington that another round of cuts is being made at facilities outside of New York affecting more strategic level employees as well.
According to our source (which has since been confirmed by Remington) the affected employees include a number of director level and higher placed individuals. At least one VP left voluntarily in advance of the layoffs to pursue other interests.
Remington Outdoor’s media relations and public affairs manager Jessica Kallam released this statement:
Earlier today we made the difficult decision to release 34 employees across ROC locations.
These changes, while difficult, are necessary to ensure the Company’s long-term success in a rapidly changing marketplace. We are assisting affected employees through severance packages and other benefits to facilitate their transition.
Again, these aren’t likely to be the last firearm industry job cuts we’ll see as companies adjust overhead to operate in this new lower revenue environment.