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Key company Dormakaba slams the door in the faces of 183 employees in Switzerland. This accounts for more than one in six jobs in Switzerland. Dormakaba has so far been produced in this country by Rümlang ZH, Wetzikon ZH, St. It employed approximately 930 people at its locations in St. Gallen and Le Mont-sur-Lausanne VD. As Blick knows, the workforce was informed of the outage at an employee information meeting on Tuesday.
The group, headquartered in Rümlang ZH, had already announced in July that it would launch a global retrenchment and restructuring package. At that time there was talk of 800 full-time jobs and savings of over 170 million francs. Now Swiss employees understand what this means for them.
Moving to Bulgaria
When asked by Blick, Dormakaba confirmed that the consultation process was now complete. The 183 layoffs amount to 160 full-time equivalents, the company writes. The positions will be eliminated over three years by the 2025/26 financial year. Dormakaba emphasized that no facilities or production will be closed in Switzerland as a result of the reduction. Switzerland remains one of the core markets.
Product development and production are primarily affected by disassembly. In this context, among other things, the works will be moved from the factory in Wetzikon ZH to Sofia in Bulgaria. Dormakaba promises that affected employees will continue to work at the company as much as possible or will be supported in their job searches outside the company. Some of the decrease is said to occur through natural fluctuations and retirements.
Dormakaba is one of the three largest companies in the world. Before the layoffs, the company employed 16,000 people in 130 countries. The empire was founded in the canton of Zurich more than 150 years ago. The company is especially known for its “Rough switch”. From a sales perspective, traditional switches are now only a small part of the business. Electronic access solutions are now much more important.
Dormakaba’s global savings program does not mean that locking technology is in crisis: Advanced electronic locking systems are now used in every airport, office building and even some private homes. Dormakaba says he wants to increase profitability with the savings program and ensure the business continues to grow sustainably.
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
