Federal Cartridge lays off 110 workers in Anoka

[Wendell]

Affected workers were notified Thursday and let go through the weekend. All layoffs are effectively immediately, said spokeswoman Amanda Covington. The factory had roughly 1,430 employees before the announcement.
http://www.startribune.com/federal-cartridge-lays-off-110-workers-in-anoka/415518844/ (http://www.startribune.com/federal-cartridge-lays-off-110-workers-in-anoka/415518844/)

[fatdog]

This is sad, we are at the starting line for a major firearms industry recession, the great salesman is gone, there is zero angst about gun control for 4 more years, nothing at all to make people behave in the pattern of the anticipated panic, and the industry was entirely geared up for the great Hillary buying spree...

With everybody turning out record production, and all set at record capacity, somebody else is going to have to scale back, maybe all of them. More layoffs ahead, no way around it. Who goes next on a capacity reset? S&W?

[Totem Polar]

We as a community are going to have to step up to stave off disaster: every enthusiast needs to add roughly 1k rounds to their regular monthly practice regimen. Who is with me? Do it for the children...

(I'm only sort of kidding; I bet a lot of you are getting the same sort of multiple email push marketing daily in your inbox that I am. If free shipping and below cost is the new normal, then I guess it's time to start improving.)

[CCT125US]

Very interesting times. One thing I decided to do prior to the election results, was to only shoot hand loads. With dropping prices, that may be a hard resolution to keep. I would predict a general drop in component prices as well. Should be a good time to stock up on powder and primers as well. The initial investment in reloading is a hard pill to swallow when decent 9mm is <$9 per box. I want to believe we are approaching a time when buy it cheap and stack it deep is the new normal. But I also know many folks are one act or incident away from hoard mentality, and the resulting self-fulfilling prophecy of an extended drought.


*oh and happy Friday

[Hambo]

"Bulls make money, bears make money, pigs get slaughtered."

Some companies made a pile thinking the panic would never end, now they're going to get their throats cut.

[ranger]

There is rumblings around the Atlanta shooting community that some of the local gun stores are struggling. I am watching my daily flyers from big firearms suppliers with prices dropping - especially ammunition.

[Greg]

14694

In about 2 years the panic rumblings will begin again.

[LorenzoS]

In another year it will be time to stock up on AR lowers just like real estate in 2009. People have short memories.

[Trajan]

In another year it will be time to stock up on AR lowers just like real estate in 2009. People have short memories.

When bubba and timmy already own 14 AR-15s, I'd say the market is coming to a crash.

We already see it with pistols; companies attempt to sell you the same thing over but claim it is new. How many different brand Glocks are there now? I would expect to see a resurgence in non-AR type rifles being marketed.

Ultimately this will be good as supply with exceed demand. Most hoarders never shoot anyway, so there should be plenty of ammo. The subpar firearms businesses will die, allowing new better ones to grow.

Casual gun owners will already have what they want for 2020. Only difference is the 18-21 group as first time buyers. I do fully expect bubba to not pay the mortgage and buy 15 more ARs in 2020 again, but that's nothing to sustain the market as after Trump gets elected for his second term, all of those ARs will flood the market, stalling new purchases.

The market is over inflated. What goes up must come down.

[5pins]

Remington lays off 122.

http://www.thefirearmblog.com/blog/2017/03/10/122-layoffs-remington-ilion/


Remington Arms has announced that the plant in Ilion, New York has laid off 122 employees. This is in addition to the 39 layoffs at the Huntsville, Alabama plant from the last quarter of 2016.

[Totem Polar]

Remington lays off 122.

http://www.thefirearmblog.com/blog/2017/03/10/122-layoffs-remington-ilion/
^^^Did they get the guy responsible for the R51 launch on the grill of the bus?

[valian]

Well they need to have some way of keeping the price of 22lr so high ;)

[ragnar_d]

^^^Did they get the guy responsible for the R51 launch on the grill of the bus?
Both (http://www.al.com/business/index.ssf/2015/06/remington_announces_senior_lea.html)those guys (http://www.prnewswire.com/news-releases/stoneridge-appoints-anthony-moore-as-vice-president-of-operations-300269303.html)did what executives do . . . moved on to a higher paying gig (and I'm guessing with a large severance package too).


Remington lays off 122.

http://www.thefirearmblog.com/blog/2017/03/10/122-layoffs-remington-ilion/

From that article, there were 16 at Lexington too. 177 people in 6-ish months plus 200 when they closed Mayfield. Hopefully they clean up their act and find their way out of the darkness for the sake of the employees.

[Totem Polar]

Both (http://www.al.com/business/index.ssf/2015/06/remington_announces_senior_lea.html)those guys (http://www.prnewswire.com/news-releases/stoneridge-appoints-anthony-moore-as-vice-president-of-operations-300269303.html)did what executives do . . . moved on to a higher paying gig (and I'm guessing with a large severance package too).



This is my surprised face. That's about the way it always goes with the upper levels of admin, the world over.

[SecondsCount]

No real surprise about the layoffs. While I want to feel sorry for the industry, it isn't completely about things slowing down. The uptick created a huge market which brought a lot of new players and competition for the big boys.

Smaller ammunition companies and lots of R&D money spent on new models of firearms. Companies like Sig are benefitting greatly from their investment while Remington is still trying to figure out how to make a reliable compact 380.

[OlongJohnson]

Cerberus was at the controls when Chrysler made a smoking black hole in the ground. I worked for a Chrysler supplier at the time. After Fiat bought them, every month there was something clearly improved and done better in how they operated. Maybe Big Green will actually go broke and get bought and turned around by the world's oldest industrial company. I just hope that something better can arise without the families being too hurt by the process.

[butler coach]

They need to take those workers and produce match grade .22 level ammo that would compete with eley, rws, and sk match ammo.


Sent from my iPhone using Tapatalk

[ragnar_d]

This is my surprised face. That's about the way it always goes with the upper levels of admin, the world over.

Dilbert calls it again (start at 4:40 in).

https://youtu.be/EJH8H9yfswE?t=4m40s