Nearly 600 employees of Remington Arms were officially terminated as part of the recent bankruptcy sale, effective Sunday, October 25th. Employees say they found out by telephone. That's essentially the bulk of the workforce at the Ilion plant, although some workers like machinists, maintenance and custodial workers have been called back to work.
Details of this week's upcoming Remington Arms bankruptcy hearing are out and as expected, it has people in Ilion nervous. America's oldest gunmaker and Herkimer County's largest employer faces a bankruptcy hearing starting on Monday in hopes of attracting bidders in an auction that seems like it will result in the selling-off of Remington assets, piece by piece.
Several employees at Remington Arms in Ilion were furloughed on Thursday, until further notice. One employee told WIBX that "about half the plant was furloughed, including second shift employees who were told not to come in. Furloughed employees will be paid until Monday. The move is in anticipation of next week's bankruptcy hearing. A letter was sent out to employees Thursday.
The rumors about Remington Arms filing for bankruptcy again are true. On Monday, America's oldest gunmaker filed a Chapter 11 petition in U.S. Bankruptcy Court in Alabama for the second time since 2018.
Employees of Remington Arms in Ilion learned today that many of them will be furloughed through most of the summer, beginning on Monday, according to a source. The announcement, which came during a company-wide meeting on Tuesday afternoon, also warned employees that another furlough could come in November, if the market doesn't pick up.