Sturm, Ruger & Co., a Fairfield-based firearms manufacturer, hints at further job cuts as part of a significant organizational realignment for 2025. The company anticipates costs totaling $15 million to $20 million this year due to personnel changes that aim to enhance efficiency and profitability, ultimately generating annual savings of about $4 million when fully implemented.
Recent statements from newly appointed CEO Todd Seyfert indicate that these changes are necessary to navigate the challenging landscape of the firearms market, which has seen nearly a 10% decline in sales. While Sturm, Ruger has yet to file layoff notifications, the company has already reduced its workforce by about 5% in recent years, raising concerns among employees and stakeholders about the future of its Connecticut operations.
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