SIG Sauer is almost bankrupted

SIG Sauer is almost bankrupted 7 June, 2020

SIG Sauer Managing Director Tim Castagne informed the employees and the Works Council of the SIG Sauer plant in Eckernförde about economic problems and a plant closure. Around 130 employees would be affected by the closure.  “The locational disadvantages in Germany for SIG Sauer do not economically allow for manufacturing of sports and LE/military firearms in the future. The legislation is increasingly restricting the use of sports firearms.” Sig Sauer’s message reads

SIG Sauer’s plant in the USA/New Hampshire is not affected by the decision to close the German plant. Numerous models – also for Europe – already come from US production. In Germany, for example, SIG Sauer’s sales activities are handled by GSG Premium Brands.

SIG Sauer is almost bankrupted

Tags : director europe german germany military new production usa
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Issue 86