Tag: corporate

HK HEAD FIRED: Heckler & Koch Chair and CEO Norbert Scheuch Forced Out

According to a press release issued earlier today by Heckler & Koch, the Chairman of the Executive Board and Chief Executive Officer of parent company H&K AG Norbert Scheuch has been terminated from his position by the supervisory board. The release also stated [Read More…]

HK HUNDREDS OF MILLIONS IN DEBT: German Firm Heckler & Koch Reportedly €170 MILLION in the Red

Via a press release published earlier this month, German gunmaker Hecker & Koch announced it had reduced its financial debt to a mere €170 million (~$194 million US), thanks to an equity increase of €50 million via a capital shares increase. With this, the [Read More…]

BREAKING: Federal Premium Ammunition Lays Off 110 Workers at Anoka Federal Premium Plant, Cancels State Funding Incentives

The post-election gun industry downturn has hit Federal Premium Ammunition, which laid off a significant number of its employees earlier this month. 110 of the roughly 1400 workers at the company were let go from the company’s Anoka, Minnesota plant, the company [Read More…]