Tenney Issues Statement On Remington Bankruptcy Filing
Congresswoman Claudia Tenney has released the following statement in reaction to news that Remington Arms filed for bankruptcy Sunday night:
"Remington Arms is an iconic business in our region and has employed generations of families for over two hundred years. Throughout the bankruptcy proceedings, I have been in close contact with Remington’s team. Remington has reassured our office that the Chapter 11 filing is solely for the purpose of restructuring debt to equity. There will be no job losses at the Ilion, NY plant and at this time Remington has no plans to relocate the facility. Once Remington successfully undergoes the Chapter 11 process, it will emerge more streamlined and stable for the future,” said Congresswoman Claudia Tenney.
“I have been a strong supporter of Remington Arms and its hardworking employees and I will continue to offer support to Remington and the families impacted during this time.”