H & K on the rocks financially

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tector
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H & K on the rocks financially

Post by tector » Fri Jun 14, 2019 3:11 pm

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.”

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NorincoKid
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Post by NorincoKid » Fri Jun 14, 2019 3:30 pm

They should auction off the contents of "The Grey Room"

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

CDI
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Post by CDI » Fri Jun 14, 2019 3:36 pm

sound like the german version of colt. maybe they need to start selling the good stuff to civilian market. MP7's would be sweet

Chigger
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Post by Chigger » Fri Jun 14, 2019 6:32 pm

More bad management.

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lakelandman
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Post by lakelandman » Fri Jun 14, 2019 6:46 pm

Meh, H&K is a small company seen this ever so few years nothing new yet still around.

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Skoll
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Post by Skoll » Fri Jun 14, 2019 7:26 pm

Expand their US production and offer their sub guns at Sig MCX prices and I bet they wouldn't have financial issues.
"The essential American soul is hard, isolate, stoic, and a killer. It has never yet melted."

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SteyrAUG
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Post by SteyrAUG » Sat Jun 15, 2019 10:49 pm

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.

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