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H & K on the rocks financially

Posted: Fri Jun 14, 2019 3:11 pm
by tector
https://www.militarytimes.com/off-duty/ ... e-straits/

"In fact, the situation is so bad that, as The Firearm Blog reported just last month, H&K employees jointly voted to increase weekly work hours without paid overtime, as well as nixed a one-off payment of 400 Euros per head for the month of July, so as to provide their beleaguered company some form of relief.

H&K’s financial woes stem primarily from diminishing sales, so much so that FY2018 would have seen the company tank had it not been for “two bridging loans from an unnamed major shareholder.”

Re: H & K on the rocks financially

Posted: Fri Jun 14, 2019 3:30 pm
by NorincoKid
They should auction off the contents of "The Grey Room"

Probably a metric shit ton of money hanging on the walls in there.

Re: H & K on the rocks financially

Posted: Fri Jun 14, 2019 3:36 pm
by CDI
sound like the german version of colt. maybe they need to start selling the good stuff to civilian market. MP7's would be sweet

Re: H & K on the rocks financially

Posted: Fri Jun 14, 2019 6:32 pm
by Chigger
More bad management.

Re: H & K on the rocks financially

Posted: Fri Jun 14, 2019 6:46 pm
by lakelandman
Meh, H&K is a small company seen this ever so few years nothing new yet still around.

Re: H & K on the rocks financially

Posted: Fri Jun 14, 2019 7:26 pm
by Skoll
Expand their US production and offer their sub guns at Sig MCX prices and I bet they wouldn't have financial issues.

Re: H & K on the rocks financially

Posted: Sat Jun 15, 2019 10:49 pm
by SteyrAUG
Chigger wrote: Fri Jun 14, 2019 6:32 pm More bad management.
Actually the problem is HK is not a private entity, but partly government owned and subject to all manner of ridiculous export laws. Imagine if Congress was "part owner" of Colt and got to vote on who they can and can't sell guns to. This is basically the problem with HK. When you factor in our absurd import laws, even if they were allowed to sell us whatever they wanted, we still couldn't import most of it.

I'm actually a bit surprised that they were able to bring in the SP5 series. But German laws view export of handguns more favorably than rifles.