Swiss perspectives in 10 languages

Swiss Steel to cut 800 jobs

Swiss Steel cuts 800 jobs
Swiss Steel cuts 800 jobs Keystone-SDA

Steelmaker Swiss Steel Group is cutting 800 full-time jobs, including 80 in Switzerland.

The Lucerne-based company explains that it is adapting its capacities to the current economic conditions and persistent weakness in demand.

+Get the most important news from Switzerland in your inbox

“These measures are aimed at ensuring the long-term optimisation and security of our production sites in Switzerland, Germany, and France,” stated the press release issued on Friday.

In Switzerland, 130 of the 750 jobs at the Emmenbrücke site are to be eliminated, in both production and administration.

“It is anticipated that natural attrition alone will not suffice, making it necessary to terminate approximately 80 employees. These planned measures are currently subject to ongoing consultation,” said the press release.

The capacity reduction involves the elimination of 530 additional jobs and the reduction of working hours for 270 full-time positions. In Germany, weekly working hours will be cut by 15%.

These measures will be “largely effective by 2025”, warns the Group, which intends to reduce its workforce to below 7,000 in the first half of 2025. The company currently claims to have around 10,000 employees on its website.

Adapted from French by DeepL/ac

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, if you want to learn more about how we use technology, click here, and if you have feedback on this news story please write to english@swissinfo.ch.

Popular Stories

Most Discussed

News

Swiss Post CEO Roberto Cirillo steps down at the end of March after six years

More

Swiss Post CEO to step down

This content was published on The boss of Swiss Post, Roberto Cirillo, is stepping down at the end of March after six years in the job, the company announced on Friday.

Read more: Swiss Post CEO to step down
UBS replaces CS logos on Paradeplatz

More

UBS takes over Credit Suisse’s former Zurich HQ

This content was published on The name and logo of the former Credit Suisse headquarters at Paradeplatz 8 in Zurich's financial centre were officially replaced by those of UBS on Friday.

Read more: UBS takes over Credit Suisse’s former Zurich HQ
Outgoing Fedpol chief warns of funding cuts for police work

More

Outgoing Swiss federal police chief warns of insufficient resources

This content was published on The outgoing director of the Federal Office of Police (Fedpol), Nicoletta della Valle, has warned that officers, prosecutors and investigators in Switzerland have insufficient resources to do their work.

Read more: Outgoing Swiss federal police chief warns of insufficient resources
Swiss films recorded more admissions in 2024

More

Swiss film industry reports successful year in 2024

This content was published on Swiss films did well in cinemas in 2024, recording over 907,000 admissions, the Federal Statistical Office (FSO) reports. They accounted for almost 9% of all films shown last year in Switzerland.

Read more: Swiss film industry reports successful year in 2024

In compliance with the JTI standards

More: SWI swissinfo.ch certified by the Journalism Trust Initiative

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.

SWI swissinfo.ch - a branch of Swiss Broadcasting Corporation SRG SSR

SWI swissinfo.ch - a branch of Swiss Broadcasting Corporation SRG SSR