By Bob Owens
Remington just announced that they’re closing a factory in Mayfield, Kentucky, just two weeks ahead of the National Rifle Association Annual Meeting across the state in Louisville, KY.
Here’s the company statement on the plant closure from the press release.
Remington Outdoor Company announced its plan today to close its Mayfield, Kentucky firearms operations in an effort to become more organizationally focused and competitive. Approximately 200 employees will be affected. The operation will be consolidate into their Huntsville, Alabama operation. Actual plant closure and transition to Huntsville will take several months. The two plants are roughly 250 miles apart. The Mayfield facility has been in operation for nearly 20 years and although there is a great team at this location the strategic decision to consolidate centered on three competitively oriented areas:
- Logistical proximity and freight synergies
- Organizational synergy and focus with engineering, sales and marketing
- Facility overhead leverage and streamlining
Employees will be offered severance pay and outplacement services.
In retrospect, the plant closure is not terribly surprising, considering the company’s focus on streamlining operations in the newer Huntsville operation.
What may prove to be more interesting is whether the company’s Huntsville-centric consolidation efforts foreshadow the eventual closure of the iconic Remington plant …Read the Rest
Source:: Bearing Arms