The steps aim at ensuring the long-term optimization and security of Swiss Steel’s production sites in Switzerland, Germany, and France, the company said. ZURICH, – Swiss Steel Group will cut around 800 jobs in its home market of Switzerland and abroad due to weak demand in European manufacturing, low production levels, and a subdued growth...
Tag: European manufacturing demand
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Swiss Steel to cut 800 jobs amid weak demand – ET Infra
ZURICH: Swiss Steel Group will cut around 800 jobs in its home market of Switzerland and abroad due to weak demand in European manufacturing, low production levels, and a subdued growth outlook, the steelmaker said on Friday. “The cuts are painful, but unfortunately unavoidable,” Swiss Steel CEO Frank Koch said in a statement. The steps...