Gunmaker offering voluntary buyouts

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    1. #1
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      Gunmaker offering voluntary buyouts

      Gunmaker offering voluntary buyouts

      December 18. 2006 8:00AM


      Firearms maker Sturm, Ruger & Co. of Newport is offering voluntary buyout packages to senior employees, changing its pay structure and selling off some property in New Hampshire to help cut costs.

      The company announced it hopes to cut its payroll by $3 million in 2007 with buyout offers to 150 employees.

      "This is an opportunity for someone close to retirement to get a check to go somewhere else," said Tom Sullivan, vice president of operations at the company's Newport facility.

      Sturm, Ruger is based in Southport, Conn., with facilities in Newport and Prescott, Ariz.

      Sullivan said the company, and the entire firearms industry, has seen a drop in sales.

      Sturm, Ruger recently has made gains in its market share, Sullivan said, but production still is about half what it was during the company's peak in the early 1990s, when the Newport plant alone made some 800,000 guns a year.

      If too few employees accept a buyout, Sullivan said the company would let normal attrition and a hiring freeze that's been in place since August take care of the reduction.

    2. #2
      Senior Member SuckLead's Avatar
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      I dunno if the whole industry is seeing a drop, it seems to me a whole lot of people bought guns this past year, and to be honest a large chunk of them were Rugers, mostly semi-autos. I'd say Ruger is our number two seller right now, right after the XDs, and we can't keep those semi-autos on the shelves.

      I'm thinking maybe that GP100 I want so bad needs to be moved up on the must haves list.

    3. #3
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      I had heard that since Katrina, gun sales have actually gone up...

    4. #4
      Senior Member SuckLead's Avatar
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      That's what I thought. I mean, I actually sold 11 guns in one day, which is all but unheard of, and that is not including the mass of sales from the other three sales people. And I know even on slow days at our shop, the combined totals are usually at at least three to four. We had wall to wall long guns (read: at least 150, maybe more, on display) not too long ago and now we have a lot of bald spots from hunting season and Christmas. And like I said, Ruger is a very popular brand in our shop. I think only the XDs have them beat in sales and that is even changing now. As for long guns, they are least third or fourth in sales. They make a very obviously good product. But I think things like the Alaskan in 454 are a waste of production money. Cool idea, but everyone is afraid to shoot it. And things like their Red Label o/u shotguns are priced out of the average person's budget. Maybe they need to look at things like that.

    5. #5
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      It's been my impression that sales are up, also. When my wife and I bought ARs last weekend, the seller asked why we wanted them. As we talked further, he said he's seeing a big jump in sales and wondereed why. I think Democrats may be good for Ruger's sales.

    6. #6
      Senior Member SuckLead's Avatar
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      Oh, good lord, we can't keep those ARs in stock to save our souls! The day after the election people started coming in by the bus load to get them.

    7. #7
      js
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      Quote Originally Posted by SuckLead View Post
      Oh, good lord, we can't keep those ARs in stock to save our souls! The day after the election people started coming in by the bus load to get them.
      That's because a ban will coming soon to an area near you... If a Democrat takes the White House in 2 years, you can bet your ass they're going to be banned... if not sooner than that.
      "bing bang boom! hair out...hamburger time" - William Murderface

    8. #8
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      Thats another reason I am trying to stack up on PS90 mags... A gun w/ 50 round mags will be the 1st to go...

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