Oldest gun maker in the US. 585 employees to lose their jobs.
https://www.yahoo.com/news/remington-arms-oldest-u-gunmaker-125728528.html
https://www.yahoo.com/news/remington-arms-oldest-u-gunmaker-125728528.html
They sold out and can not make firearms until new owners get an FFL in 60-90 days and plan to rehire about 400 former employees.
It is difficult for a company to pay people who are unable to work for several months.