Neuchatel, Switzerland (GenevaLunch) - Metalor, Neuchatel-based international company in precious metals and gold, will be laying off 110 people as it closes its watches and jewelry division. The company says it failed to find a buyer after it was strongly affected by the combination of a weak watch industry in 2009 plus the watch industry moving rapidly to outsource work to other countries. The division is based in Neuchatel.

Metalor says its other business is  not affected, including 300 jobs in other divisions in Neuchatel and Marin. The company works with several precious metals, refining them and working in advanced coatings and electrotechnics.

Links to other sites: Metalor, TSR (Fre)

Posted by Ellen Wallace on 11 February 2010 at 9:21 | permalink
Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported
This work by genevalunch.com is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.
        Post Comment  
 

News story, GenevaLunch, 11 February 2010.

Filed under: Business

Tags: , , , , , , , ,

We are happy to have your comments, which are approved before they appear: please remember to be courteous and brief. We accept only comments directly related to an article. We do not accept comment spam - messages sent to more than one site. We do not publish comments if the e-mail address is not legitimate. Thank you!

Comments

Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported
This work by genevalunch.com is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.