Switzerland'S Peak Group Or Job Modification To Avoid Layoffs.
In order to cope with the weak
market environment
The Richemont, the world's second largest luxury group, is considering cutting 350 positions in Switzerland.
It is reported that an internal memorandum shows that the group has passed the proposal.
Summit group
Last month, the company continued to face severe challenges as Hongkong's market continued to slack, Europe suffered terrorist attacks and the Swiss Franc went higher after the group's sales fell 4% in the last three months of 2015.
The peak group is famous for its high-end jewellery and watches. Its brands include: Cartier, Vacheron Constantin, Piaget, Montblanc, Van Cleef & Arpels, etc.
stay
Switzerland
There are 9000 employees.
A spokesman for the summit group clearly confirmed the news.
But the company intends to avoid redundancies by post adjustment.
As of Friday evening, employees of the company were not contacted.
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