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Swissmetal ends a difficult year of transition Major conversions in production with temporarily heavy negative impact on business operations Dornach, 8 April 2009th quarter of 2008 continued into the start of 2009 and is still with us today. Order entry continues to be significantly below the prior year in practically all market segments. Swissmetal has once more reduced costs with a number of measures in order to lower the breakeven point and thereby to arm itself as well as possible for various scenarios of the still ongoing economic crisis. These also include short time working measures at all three production sites.
Having survived the current global economic crisis, Swissmetal should be able to exploit interesting potential and grow profitably with its fundamentally restructured cost structure, its well-positioned products and its high level of innovation. |
