Posted on 05/03/2019 5:13:23 PM PDT by rktman
The news spread around Huntsville, Ala., in the winter of 2014. Remington, the country’s oldest gun maker, had decided to expand from its historic home in upstate New York to a gigantic former Chrysler factory near the airport. Workers at the new plant, the company said, would earn a minimum average of $19.50 an hour assembling shotguns, pistols, hunting rifles and AR-15-style semiautomatics. The city’s mayor wrote in a newspaper column that he was thrilled that Remington’s quest for a new factory space had ended in Huntsville. He calculated the typical annual salary as $42,500.
Huntsville is a boomtown in the Southern mold. The unemployment rate is lower than the country’s, and educated workers are in high demand. Southwest of downtown, in a facility that synthesized chemical weapons during World War II, the Army maintains a major research center and garrison. Orbiting the Army base are military and aerospace contractors: Raytheon, Lockheed Martin and Northrop Grumman. Car companies from Japan, an electronics manufacturer from Korea and many other concerns churn out goods for the domestic market. “Cutting taxes and simplifying regulations makes America the place to invest!”
(Excerpt) Read more at nytimes.com ...
Nearly perfect NYT article. Covered Howard Zinn’s commie version of US history, Huck Finn, US Constitution, Wall Street hedge fund greed, a surprising fact that an Alabama town was practically segregated in the mid-60s, a community organizer, unions, Obama good, Trump bad.
Too long winded article to read, tried skimming, did not help. So what is the gist of it?
Freedom bad, taxes and regulations good.
At least that’s my guess based on it being the NYT...
Cerberus Capital Management loaded Remington with debt and kept the money. Hundreds of millions.
Only libertards and freetraitors are happy.
New York state governor super happy that that gun manufacturer left.
NYT so bad that even pigeons won’t crap on it.
Horrendous QC, mismanagement and outright theft through private equity.
"Oh! What a tangled web we weave, when first we practice to deceive"
Leveraged buyouts have twice saved my employment and made those companies more efficient and profitable. Yes there was wailing and gnashing of teeth, but free markets worked in the sense of the highest and best use of capital. My last experience with LBO resulted in nothing more than legal theft and money laundering.
No doubt NYT readers were delighted with this piece. Has all their preferred plot elements.
That said, it is interesting.
That’s why the phrase “giving someone the business” arose in common use.
That’s the problem with the old names in gunmaking: taken over long ago by people who want to make fast bucks - and don’t even like gun people.
When you give Up quality for the sake of money, you piss off the old time base. They also spent too much time in Ilyon, NY. They should have stayed small and moved to a gun friendly state. This was easy to see 8 or 10 years ago. I own a lot of Remington firearms. All at least 25 years old. Colt is as bad. Money blood suckers kill good company’s and screw the employees. Wonder Bread suffered the same thing.
Is Cerberus Capital Management, Feinberg / Dan Quayle the Remington Company owners or Freedom Group now ?
A consequence of printed, fiat money and our central planning Federal Reserve.
Probably the most famous (infamous) was the post-64 Winchester, with its stampings, roll pins, stained birch stocks - which killed their reputation overnight.
I interviewed for Colt an number of years ago and the craftsmen and ladies were still there but management despised their workers, had no interest in their products and no affection for us gun owners. End of story.
What they do not understand is that most of us would pay the greater price for old-time hand-fitted quality.
Kinda like that guy with Sears and Kmart.
That might be true, but disastrous rollouts like the R-51 pistol didn’t help either.
CC
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