I wonder how much of their financial woes is due to labor costs?
My thoughts also.
They chose to stay in Connecticut when they could have moved to a state which has lower labor costs and which is more friendly to the manufacture of firearms. They chose to stay in Connecticut so they need to get the gravestone ready.
“I wonder how much of their financial woes is due to labor costs?”
From what I have read over the years a lot. They missed the opportunity to move out of there and now they cannot not even afford to do that. Someone will pick up the company at a fire sale price and move it to a more friendly state and away from the unions.
Their woes are due to their product line and their refusal to move out of New England, and their refusal to walk away from the government teat.
No 38, no 22, no revolver besides a SAA, no Python, no 9mm except 1911. No effort whatsoever to remain relevant.
Its as though Ford only sold 1966 pickups, for 38,000 each, and was amazed that they were having a hard time making ends meet.