Home » Based in Lyss BE – Automotive provider Feintool is reducing 70 jobs in Switzerland – Breaking Latest News

Based in Lyss BE – Automotive provider Feintool is reducing 70 jobs in Switzerland – Breaking Latest News

Based in Lyss BE – Automotive provider Feintool is reducing 70 jobs in Switzerland – Breaking Latest News

SRF News: Why did the corporate take this step?

Manuel Rentsch: Feintool justifies the transfer with excessive vitality prices and wages in Switzerland. The sturdy franc additionally performs a task.

How sound are these causes?

Pressure on industrial corporations has elevated. Salaries in Switzerland are typically increased than overseas. In return, corporations are typically extra productive. The sturdy franc is definitely a problem for the business. In latest years, the franc has strengthened in opposition to the euro and in opposition to the greenback and different main currencies. This implies that Swiss merchandise are costlier in comparison with overseas merchandise. This makes it very troublesome for native corporations to proceed. In the Czech Republic, manufacturing and residing are typically very low cost.

What is the present state of the business in Switzerland?

In conventional industrial corporations – equipment, electrical energy and metal – the figures had been worse within the first quarter. For instance, gross sales on the plant fell by an excellent 5 %. Imports even fell by greater than 8 %. Factories are much less busy than common and there are fewer orders. The Swissmem business affiliation introduced this final week.
Due to the present conflicts on the earth, some corporations are collaborating within the funding, which additionally impacts the Swiss business. You can inform it is all the time bumpy. And that is mirrored within the job cuts introduced at Feintool in Lyss.