According to BILD, the German weapon manufacturer SIG Sauer GmbH & Co.KG is in serious financial trouble.

On Thursday, the managing director, Tim Castagne, informed all employees and the workers council that the Eckernförde plant must be shut down and that 125 employees would lose their jobs.

The reason for announcing this decision are poor financial results and lack of orders caused, among other things, by the COVID19 pandemic. On top of that is the fact that for many years Sig Sauer has not been able to beat its competition to gain large orders, such as the ones on new assault rifle for the German armed forces.

The situation is quite different in the US, where the US ARMY, the USMC and the USAF are introducing the M17 and M18 pistols made by Sig Sauer, while in the UK special anti-terrorist units are using Sig Sauer assault rifles (the MCX).

However, they are produced and distributed by the American sister company Sig Sauer Inc., not the plant in Eckernförde.

Sources: new-sigsauer2020.de,  bild.de