Early Gift For Colt Fans

by
posted on December 23, 2015
colt-logo.jpg

A memorandum of understanding signed last week by the union led to court confirmation of the company’s plans to exit bankruptcy protection, and paves the way for the firm to resume “business as usual.”

United Auto Workers (UAW)—the union 462 of the 610 workers belong to in the Colt plant—conceded to a reduction in medical coverage after retirement, agreed to measures to increase productivity and will consider a four-day, 10-hour work week. The court looked favorably on the measures, and certainly didn’t overlook the statement that management was going to explore the possibility of securing a $10 million loan from Delaware.

The Hartford Courant has complete details, and to paraphrase a quote often attributed to Mark Twain, the news of the company’s death is greatly exaggerated. It’s far from out of the financial woods, although the firm has a long history of comebacks.

UAW and Colt issued a joint statement on Dec. 17 about the development and Union Shop Chair Mike Holmes said, “Together, we have succeeded in maintaining our contract and securing good jobs with a continued presence in West Hartford.” Colt CEO Dennis Veilleux said, “We are proud of our workforce and the dedication that they have given Colt during this difficult restructuring process.”

Latest

1895Guidegun
1895Guidegun

New For 2022: Marlin Model 1895 Guide Gun

New for 2022, Ruger has re-introduced the lever-action Marlin Model 1895 Guide Gun, chambered in .45-70 Gov't. with a 19" barrel.

The Armed Citizen® Sept. 26, 2022

Read today's "The Armed Citizen" entry for real stories of law-abiding citizens, past and present, who used their firearms to save lives.

Review: Savage Arms Stance

With one of its newest offerings, the Stance pistol, Savage recalls its past and proves that its name is not only synonymous with accurate, cost-effective bolt-action rifles.

Opening Shot: Accuracy-X Signature Series

September 17, 2022, marked the 235th anniversary of the signing of the U.S. Constitution, one of the most important and influential documents in world history and the bedrock of the American system of government.

Preview: X-Vision Night Vision Rangefinder

Costing only a fraction of competing products, the Night Vision Rangefinder from X-Vision Optics is an economical tool for short-range hunters—both before and after the sun goes down.

Tips & Techniques: How To Remove Stripped Or Stuck Screws

Let's face it, sometimes we mess up and strip out a screw head. Sometimes it's stripped due to corroded threads. Nonetheless, with a few simple tips and proper tools, you'll be well on your way to loosened fasteners.

Interests



Get the best of American Rifleman delivered to your inbox.