Winchester USA closing -- complications
According to Newday, the Winchester plan closure in Connecticut is growing more complex. The factory is owned by Herstal Group, a Belgian firm, which is said to plan to discontinue the "traditional" rifle but continue "specialty" ones (whatever those terms mean -- does traditional mean the Model 94, or include the Model 70?) made overseas. But the right to use the Winchest name is owned by the Olin Corp.
City and union leaders have offered to buy the plant for a nominal sum and forget about back taxes and contract penalties, which they say total $17 million (a figure Herstal disputes). And Olin says that closing the US factory would violate its contract allowing Herstal to use the Winchester name (a contract that expires next year anyway).