Nearly 600 employees of Remington Arms were officially terminated as part of the recent bankruptcy sale, effective Sunday, October 25th. Employees say they found out by telephone. That's essentially the bulk of the workforce at the Ilion plant, although some workers like machinists, maintenance and custodial workers have been called back to work.
The rumors about Remington Arms filing for bankruptcy again are true. On Monday, America's oldest gunmaker filed a Chapter 11 petition in U.S. Bankruptcy Court in Alabama for the second time since 2018.
Employees of Remington Arms in Ilion learned today that many of them will be furloughed through most of the summer, beginning on Monday, according to a source. The announcement, which came during a company-wide meeting on Tuesday afternoon, also warned employees that another furlough could come in November, if the market doesn't pick up.