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· Ancient Gaseous Emanation
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KAT AINSWORTH
OCT 28, 2020



A reliable source who wishes to remain anonymous has passed on information to TTAG regarding a pending federal investigation into Remington Outdoor Company’s handling of the sale of company assets to the Roundhill Group and Remington CEO Ken D’Arcy.

Multiple trusted sources close to the transaction report that D’Arcy was the man behind the Roundhill Group and used another individual as the group’s public face until the asset purchase was completed. Once Roundhill closed on the asset purchase, that person parted ways with Roundhill and D’Arcy’s involvement was made public.

The heart of the pending investigation has to do with Remington’s termination of 585 Ilion, New York employees last week, refusing to honor union contracts which I am told required Remington to pay severance, vacation pay, and other employee benefits to terminated workers including health care. The benefits will be cut off as of October 31.

Employees received news of the terminations over the weekend of October 23rd, 24th, and 25th by phone, with the terminations effective Monday, October 26, 2020.

Brindisi held a press conference regarding Remington’s treatment of the terminated workers on October 28.

Congressman Anthony Brindisi joined the United Mine Workers Association informational picket today in Ilion. Brindisi announced a push, backed by the union, for a federal investigation into Remington Arms’ decision to deny benefits from union workers.

“These hard working men and women deserve to be treated with dignity and they deserve the benefits they fought for,” Brindisi said in Ilion. “Remington is trying to leave this community and these workers high and dry, but we aren’t going to let them. I am calling on the National Labor Relations Board to step in and investigate this issue.”
Sources with knowledge of the situation tell TTAG that the NLRB will, in fact, be launching an investigation into the firings and benefit cuts.

Sources tell TTAG that in addition to the terminations and loss of benefits, the union and employees are angered by D’Arcy presiding over the fall of the company, then hiding his involvement in the group bidding on the Remington-branded firearms business in order to regain control after the bankruptcy and dissolution.

We have asked Remington for comment on this story, but have not received a reply yet. This story is developing and will be updated as information becomes available.




 

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Seeing as how these guys are not a "Too Big To Fail Wall Street Bank", they should have played by the rules. Now some weak sister bureaucrat will go into action and try for some career augmenting "press notices". Good look "working-class" stiffs!
 

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it does come across as questionable.........but i also would imagine that the judge involved in the case would had been aware of whom the buyers were and not just the "face".......and still found it ok.

if they want to investigate someone........investigate Cerberus Capital.......

as far as the union........its bankruptcy........they should had made noise to have their concerns protected with the federal court the moment the case was filed. a pledge and promise from a dying company heading into bankruptcy is as valid as a politican's promise.....empty words beyond their control as there will be new owners and a different company assuming title.

Remington is under new ownership and is therefore a different company......no obligations to honor anything and that includes everything from union contracts to gun warranties.....its all out the window and gone with the wind.

i suggest they move out of ny as soon as possible.......TX, NM, AZ.....
 
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