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Inconsistent demand situation – Swissmetal implements cost savings in central departments (non-production)
Demand situation in the first few weeks of the new year strong but continuing very erratic. Overall during the last few months there has been a substantial cooling off
Since the start of the year the demand situation has been 28% above that of the comparable period for the prior year. However, when one looks at the order intake over the period of the last three months, it is 41% below the level of the comparable period in 2007/2008. Demand has been very erratic over the last few months and it shows a very mixed picture across the individual Swissmetal sales markets.
The following remarks about the various market segments show very inconsistent developments since the various industries are subject to very different economic forces.
Order intake for own manufactured products. Comparison of actual with comparable period one year ago
Cost-saving measures in the central departments (non-production)New manager for Research & Development, Technical Marketing and Quality Management
Swissmetal has decided to combine the Research & Development, Technical Marketing and Quality Management departments under one single group-wide management as of 1st February 2009. The new position at Executive Management level will be filled by Mr. Jean-Pierre Tardent (Dipl.Ing. EPFL) who has worked at Swissmetal since 1982 and who has built an excellent reputation for himself in successful product developments e.g. in the sectors of connectors and the aircraft and oil industries.
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