Layoffs at the Remington Arms manufacturing plant Monday resulted from a short-term decline in demand, according to Mayfield Mayor Teresa Cantrell.
"It's an issue of supply and demand," the mayor said. Cantrell said she spoke with plant manager Trip Ferguson and did not receive any indication of long-term problems with the local plant's operations.
"I don't see it as the beginning of the end," she said.
The mayor said both 2012 and 2013 were "banner years" for the plant, which manufactures rimfire and centerfire firearms, but that lately the demand has not been as great. Cantrell said she did not have a specific number of layoffs, but was told the number "is nowhere near half" of all employees, as she had heard speculated in the community.
The Graves County Economic Development website lists the number employed at Remington Arms at 224. The Mayfield plant was established in 1996.
Company officials were not available for comment Monday. Cantrell said management was busy communicating with affected employees regarding severance pay and other issues such as COBRA coverage. The employees are eligible for rehire, the mayor said she was told.
Remington Arms is headquartered in Madison, N.C. The company designs, produces and sells sporting goods for the hunting and shooting sports markets, as well as the military, government and law enforcement.
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