Chopard cuts jobs as spending falls

0
70

Chopard cuts jobs as spending falls – newspaper report

March 17, 2009 – Swiss luxury group Chopard is shedding 36 jobs as shoppers cut spending on watches, a newspaper quoted the head of its watchmaking unit as saying.
Karl-Friedrich Scheufele told Swiss newspaper L’Agefi in an interview that Chopard is cutting 13 jobs at a manufacturing plant and 23 at its head office, out of a total 1,800 staff.
Scheufele said Chopard foresees lower orders at this year’s Baselworld and expects fewer U.S. clients to visit the trade fair, which starts in late March.

READ
IDI to have largest National Pavilion at Hong Kong March