Swiss Watch Industry Loses “Just” 4,200 Jobs
It could have been worse. Last year, Swiss watch companies eliminated “only” 4,200 jobs, compared with the more than 5,000 that some officials had predicted. Employment is now 49,097, a decline of 7.9% from 2008, and nearly the same as in 2007. Manufacturing jobs were hardest hit, declining 9.8%, to 36,275.
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