“Federal Cartridge laid off another 14 workers this week, bringing the number of workers dismissed so far this year to 186 as the Anoka-based ammunition maker copes with declining demand.
In three actions since March 1, Federal Cartridge has downsized from 1,430 workers in Anoka to about 1,246.
The most recent layoff occurred Wednesday, affecting warehouse employees who work a mile from Federal’s manufacturing plant.
Executives said gun and ammunition sales spiraled downward following the election of President Donald Trump, a gun rights advocate. Because Trump opposes new restrictions and laws on guns, enthusiasts no longer worry that access to their favorite guns or ammunition may be banned.
“Inventory levels have remained high since the election and we are waiting for those inventories to clear. In the meantime, we are finding ways to manage our efficiencies,” said Amanda Covington, spokeswoman for Federal’s parent firm Vista Outdoors.
Firms such as Winchester Ammunition and American Outdoor Brands, formerly Smith & Wesson, have also seen consumer sales or stock prices fall since the November election.”
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By Dee DePass Star Tribune
