Swiss Steel maintains plans to cut 130 jobs at Emmenbrücke
Keystone-SDA
Select your language
Generated with artificial intelligence.
Listening: Swiss Steel to cut 130 jobs in Emmenbrücke
Lucerne-based steelmaker Swiss Steel is sticking to its restructuring plans, even with the emergency aid pledged by parliament. The company plans to cut 130 jobs at its Steeltec production site in Emmenbrücke.
This content was published on
2 minutes
Keystone-SDA
Français
fr
Swiss Steel maintient la suppression de 130 postes à Emmenbrücke
Original
Swiss Steel announced on Tuesday evening that the consultation process, which began in mid-November 2024, has now concluded. The goal was to explore all possible options to address the company’s economic challenges and secure a sustainable future for the Emmenbrücke site in Lucerne, in central Switzerland.
At the end of the consultation process, the steelmaker decided to proceed with cutting 130 jobs. This comes despite the state aid granted by the Swiss parliament in December, aimed at reducing electricity grid costs for steel mills.
The number of planned redundancies has been cut from 80 to a maximum of 50, taking natural attrition into account. These personnel measures will be implemented in the first quarter of 2025.
The House of Representatives and the Senate passed an urgent law in Bern on December 17 to support strategically important steel companies. Four companies are affected: Stahl Gerlafingen in canton Aargau, Swiss Steel in Emmenbrücke, in canton Lucerne, and both Novelis and Constellium in canton Valais.
In practical terms, these steelworks will receive up to CHF37.4 million ($41 million) in electricity cost reductions over four years. Combined with additional benefits from canton Lucerne, this means Swiss Steel in Emmenbrücke will get CHF25 million in support over the same period, the Unia trade union said in a press release on Tuesday evening.
To qualify for this state aid, companies must apply to the energy ministry by May 31, 2025, and meet several detailed requirements.
Translated from German by DeepL/sp
This news story has been written and carefully fact-checked by an external editorial team. At SWI swissinfo.ch we select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate it into English. Providing you with automatically translated news gives us the time to write more in-depth articles.
If you want to know more about how we work, have a look here, and if you have feedback on this news story please write to english@swissinfo.ch.
Popular Stories
More
Swiss Politics
In Switzerland, New Year brings ‘burka ban’ and pension hikes
Switzerland adopts EU rules to curb illegal air entry into Schengen
This content was published on
The Swiss government has approved EU rules on sharing passenger information to prevent air passengers from illegally entering the Schengen area.
Swiss skier dies after accident on Bernese Oberland slopes
This content was published on
An 80-year-old Swiss man died on Monday following an accident on a marked piste in the Adelboden-Lenk ski area in the Bernese Oberland.
International and Swiss experts call for new obesity guidelines
This content was published on
A group of global experts, including Swiss doctors, has issued a report calling for a new definition of obesity that goes beyond BMI.
Iran and EU discuss nuclear issues, Russia and the Middle East in Switzerland
This content was published on
After meeting with French, German, and British representatives on Monday, Iran continued its talks with the EU representative in Geneva.
Swiss SGS and French Bureau Veritas eye $35 billion merger
This content was published on
The Swiss inspection firm SGS has confirmed it is in talks with the French company Bureau Veritas about a potential merger of nearly $35 billion.
European committee raises alarm over police violence in western Switzerland
This content was published on
A Council of Europe committee is concerned about police practices in western Switzerland, citing “allegations of physical mistreatment” against detainees.
WEF: Trump to speak virtually, Zelensky to appear in person
This content was published on
US President-elect Donald Trump will attend this year's annual meeting of the World Economic Forum (WEF) in Davos via video conference. He is scheduled to speak on January 23.
Coop washes its hands of The Body Shop in Switzerland
This content was published on
The Body Shop is facing closure in Switzerland. Retailer Coop is no longer extending the franchise agreement for its cosmetics subsidiary.
Three out of ten Ukrainian refugees in Switzerland have a job
This content was published on
More and more refugees from Ukraine have a job in Switzerland. The employment rate of people with protection status S was just under 30% at the end of 2024.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.