Swiss textile heavyweight Rieter plans further job cuts
Textile machinery manufacturer Rieter is to cut more than 10% of its workforce in Switzerland. This latest restructuring is the latest in a long series for the Zurich-based group, which saw its revenues fall by almost half in the first half of 2024. Rieter is continuing to reduce its workforce, according to a statement issued by the Swiss Employees Union on Friday. The group based in Winterthur, in the canton of Zurich, plans to shed 10% of its staff in Switzerland. "The measure affects 74 employees... Читать дальше...