The City of Huntsville and its regional partners have recovered $12.5 million in incentives offered to former firearms manufacturer Remington Arms in 2014. The city made the announcement Friday. The nearly 200-year-old firearms manufacturer filed for bankruptcy in October 2020, resulting in the sale and auction of its assets. The recent sale of Remington’s 800,000-square-foot […]
It’s too early to tell how or if Remington’s recent furloughs will affect its agreement with the city of Huntsville, according to city officials. June 3 marked the first day of about a two-month furlough for about 200 workers at the Remington plant in Huntsville. Workers are expected to return in mid-August. Following the company’s […]
Monday marked the first day of about a two-month furlough for some 200 workers at the Remington plant in Huntsville. Workers are expected to return in early to mid-August, according to reports. Calls to Remington were not returned. Huntsville city officials were not available for comment. The Alabama Department of Commerce said it provided Remington […]
Remington Outdoor, which has a facility in Huntsville, emerged from Chapter 11 bankruptcy Thursday after completing a debt-cutting deal with creditors. Remington, America’s oldest gunmaker, filed for bankruptcy protection in March. Under the reorganization plan, more than $775 million in Remington debt has been converted into equity. Remington also received a $193 million new lending […]
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