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The traditional Vifian company, founded in 1869, has been struggling with worsening results for several years. Those responsible announced on Wednesday that in 2023 the furniture workshop will create a significant loss that can no longer be covered.
Therefore, the decision was made to “orderly close” the business. The closure affects 51 employees and five apprentices. The statement says the company is making “every effort” to find good solutions for everyone affected.
Given the serious shortage of skilled workers and apprentices in the industry, company executives hope those laid off will find new jobs quickly.
The number of bankruptcies has increased significantly in Switzerland recently. The number of bankruptcies rose nearly 20 percent in October compared with the same month last year, according to business information service Dun & Bradstreet. (SDA)
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.
