Federal Premium Announces Layoffs

By Tom Knighton

Last week, Federal Premium announced the layoff of 200 people, bringing the total number of layoffs from one of the most recognized names in ammunition to 310. The layoffs, taking place on October 6, cost the jobs of 190 hourly employees and 10 salaried staff from the HR, legal, and IT departments.

From The Firearms Blog:

The timing of the layoffs is curious because fall is a period when ammunition manufacturers tend to pick up a bit with hunting seasons. Summer is typically the slowest time of year for retailers who sell ammunition. This is also coming off the heels of Vista Outdoor appointing a new CEO: Christopher Metz. Vista Outdoor is the parent company to Federal Premium and Christopher Metz took the helm of Vista on October 9th just a few days after the layoffs.

With these layoffs, combined with the staff reductions that occurred in March and June already, Federal Premium’s workforce has dropped from 1,430 to 1,020 in just the last 8 months. They actually had to turn down state funding earlier this year because their predicted employment goals were not going to be met.

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Source:: Bearing Arms