TC/Arms Lay Off
02-02-2009, 03:58 AM
#1
Spike
Thread Starter
Join Date: Dec 2006
Location:
Posts: 26
TC/Arms Lay Off
Thompson Center lays off 66, furloughs 37 in NH
ROCHESTER, N.H. (AP) Rifle-maker Thompson Center Arms, one of the largest employers in Rochester, N.H., laid off 66 workers this week and furloughed another 37.
Company owner Smith & Wesson said the layoffs were prompted by a drop in sales of the company's black powder hunting rifles.
The cuts accounted for almost 29 percent of Thompson Center Arms' work force, bringing the number of workers at the factory to roughly 250. That's almost half of what it was just under a year ago.
The company cut 80 jobs in September and 36 last March.
[/align]
ROCHESTER, N.H. (AP) Rifle-maker Thompson Center Arms, one of the largest employers in Rochester, N.H., laid off 66 workers this week and furloughed another 37.
Company owner Smith & Wesson said the layoffs were prompted by a drop in sales of the company's black powder hunting rifles.
The cuts accounted for almost 29 percent of Thompson Center Arms' work force, bringing the number of workers at the factory to roughly 250. That's almost half of what it was just under a year ago.
The company cut 80 jobs in September and 36 last March.
[/align]
02-03-2009, 06:54 AM
#3
Nontypical Buck
Join Date: Nov 2004
Location: Hayes, Va.
Posts: 2,332
RE: TC/Arms Lay Off
I think TC priced themselves out of the market. They got real greedy with the Encore line of improvements. Just a few years ago, the Encore was priced around $550. Then came the prohunter and a heaftyprice increase ($750). Then came the Endeaver andyet another rediculous hike of close to $1000 retail.
Act stupid, get stupid. I think it was the A-H's at S&W that createdthis mess.
I am a big fan ofthe Contender line of handguns, butnot the Encore line. I feelsorry for thefolks thatgot those pinkslips!!!!!
Act stupid, get stupid. I think it was the A-H's at S&W that createdthis mess.
I am a big fan ofthe Contender line of handguns, butnot the Encore line. I feelsorry for thefolks thatgot those pinkslips!!!!!
