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BMC applies for help from Swiss government to avoid job cuts

BMC applies for help from Swiss government to avoid job cuts

Swiss bicycle manufacturing giant BMC has applied for government assistance in order to avoid potential job losses, according to reports from Switzerland.

According to local outlet Grenchner Tagblatt, the brand has applied for “short-time working” which allows a company to reduce full-time employees working hours if necessary, similar to the UK’s Covid furlough scheme. However, it was unclear whether the measure would actually be implemented.