Remington loses $3 million in Alabama incentives -- may be planning layoffs [View all]

Remington loses $3 million in Alabama incentives
Posted Mar 20, 2019

By Paul Gattis | pgattis@al.com

Remington Arms has failed to meet hiring and payroll targets at its Huntsville plant, costing the beleaguered gunmaker $3 million in incentives from the state of Alabama.

Alabama Secretary of Commerce Greg Canfield, in an email Tuesday to AL.com, spelled out the canceling of the final $3 million cash incentive payment to Remington.

It’s the latest turn for the company that is still obligated to hire almost 2,000 workers in Huntsville by 2023. But last year, the company filed for bankruptcy and the city of Huntsville restructured its incentive package with Remington in an effort to allow it to recover from that bankruptcy.

And earlier this month, a report from New York said that Remington was planning layoffs at three locations, including Huntsville. A Remington spokesman declined to comment on the possibility of cutting jobs.
***
more: https://www.al.com/news/2019/03/remington-loses-3-million-in-alabama-incentives.html?__vfz=rtw_top_pages%3D2338500014423


So much for Gunz Will Save Our Economy.