North Bryan-based engineering and weapons manufacturer Daniel Defense announced Tuesday a 14 percent net reduction in workforce due to current market conditions.
“We have been watching the market closely and held off as long as possible before making the needed adjustments,” Marty Daniel, president and CEO of Daniel Defense, said. “This restructuring will in no way have an effect on our five-year growth plan. We have made substantial investments in equipment and infrastructure, and are excited about our long-term position as a leader in the firearms industry.”
In January, Daniel Defense announced a five-year, $20 million plan for expansion, which would grow the 47,000-square-foot Black Creek facility to more than 100,000 square feet.
“Daniel Defense is financially strong, and will continue to grow as we have the last 10 years”, Daniel said. “Despite having to reduce the workforce in certain areas, we are still recruiting highly-skilled engineers and for other positions throughout the company. This difficult decision allows us to remain competitive, while maintaining long-term growth.”