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 ...
