remington arms

Remington's Ammunition Division Being Sold to Foreign Company
Remington's Ammunition Division Being Sold to Foreign Company
Remington's Ammunition Division Being Sold to Foreign Company
Remington continues to raise eyebrows following bankruptcy and the splitting of its divisions. Now, Vista Outdoor has announced the pending sale of the Remington ammunition line to a Czech company, Czechoslovak Group (CSG). The deal, if approved by the Committee on Foreign Investment, is worth $1.96 billion.
Here’s How 600 Remington Workers Learned They Were Terminated
Here’s How 600 Remington Workers Learned They Were Terminated
Here’s How 600 Remington Workers Learned They Were Terminated
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.
New Details of Remington Bankruptcy Has Ilion Worried
New Details of Remington Bankruptcy Has Ilion Worried
New Details of Remington Bankruptcy Has Ilion Worried
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.
Remington Workers Told- Do Not Report Back to Work
Remington Workers Told- Do Not Report Back to Work
Remington Workers Told- Do Not Report Back to Work
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.

Load More Articles