In another possible sign of a continued softening firearms market, three top executives from Remington have left the company to pursue other opportunities. The three VPs represent some of the hardest hit subsections of the firearms industry – Firearms/Accessories, Ammunition and Sales divisions.
In addition, Remington is announcing the future use of employee furlough days. Although the affected departments have not yet been announced, the logical assumption would be that they would mirror those of the exiting VPs. The company is stating that it is selecting furloughs rather than a reduction in force (RIF) – layoffs.
TFB will be following this story and will provide updates as they become available.
- Senior Vice President/General Manager, Firearms and Accessories
- Senior Vice President, Ammunition
- Senior Vice President of Sales
In reaction to the industry’s soft market and a need to adjust inventory already in the distribution channels, we are scheduling furlough days. We are taking this approach versus a RIF to be positioned well for 2018.
– Jessica Kallam, Manager, Media Relations & Public Affairs, Remington Outdoor Company, Inc.
Remington Arms Company, LLC is an American manufacturer of firearms and ammunition in the United States. It was founded in 1816 by Eliphalet Remington in Ilion, New York, as E. Remington and Sons. Remington is America’s oldest gun maker and “It’s America’s oldest factory that still makes its original product-guns.” It is the largest U.S. producer of shotguns and rifles. Remington has also developed or adopted more cartridges than any other gun maker or ammunition manufacturer in the world. Additionally its products are distributed in over 60 foreign countries, making its distribution base and availability wider than those of its competitors.