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Bankruptcy Court Approves Remington’s Reorganization Plan

Replies

  • Old RonOld Ron Senior Member Posts: 4,265 Senior Member
    Time will tell if they pull it out or just fill there own pockets again then run.
  • horselipshorselips Senior Member Posts: 3,628 Senior Member
    If the reorganization plan duzzint include a whole new management team, and a total move out of NY and far away from the UMW union, why even bother?
  • Uncle FesterUncle Fester Senior Member Posts: 1,375 Senior Member
    horselips said:
    If the reorganization plan duzzint include a whole new management team, and a total move out of NY and far away from the UMW union, why even bother?
    The cost of moving completely out of NY State would be enormous and likely result in the same “skill drain” problems that occurred when Remington moved production of Marlins from a North Haven to NY.

    I expect that all new models will be produced in thier Southern plants.  Gradually, they will move legacy products. 

    As for management, most of it is relatively new.  Without the dead weight of enormous debt payments, they might make a real go of it.
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