Folks our country is is headed in the wrong direction.
Every time a merger takes place , people get screwed. I this case 200 employees at H&R plant.
Remington To Close H&R Plant < BACK
4/11/2008
Remington this week announced the closing of their Massachusetts plant that builds H&R 1871 firearms. The move will put many of the 200-plus employees out of work.
Remington Arms CEO Tommy Milner confirmed this week that the gunmaker will close its Gardner, Mass., plant which currently employs more than 200 workers. The plant, which used to be owned and still makes the H&R 1871 brand firearms, will close by the end of this year. Remington owns H&R 1971 through its parent company Cerberus Capital.
“While it was a difficult decision to close Gardner, we believe that this consolidation will enhance our ability to more efficiently provide quality products at competitive prices in an increasingly demanding global marketplace,” Millner, wrote in a short release.
The closure comes despite H&R 1871’s reputation for showing a modest, but continuing profit, the Outdoor Wire reported.
The move has local officials there angered. Gardner Mayor Mark Hawke called the move a “travesty” and was angered that Remington hadn’t contacted his office prior to the announcement being made.
In Gardner, Mayor Mark Hawke has called the move by Remington, based in Madison, N.C., a “travesty.” Hawke, too, maintains H&R has always been a profitable company.
The Outdoor Wire contacted Remington and was told there would be “no further comment at this time” on the decision.
The report went on to say that “with this closure, it may be that Remington brings the paranoia concerning Cerberus Capital Partners from an undercurrent in the firearms industry to a front-and-center position.”
Some industry leaders have voiced concern about the company’s huge—and growing—control over the firearms market. Cerberus owns Remington, Marlin, H&R 1871, New England Firearms, LC Smith, Parker, Bushmaster, Cobb and DPMS.
