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Swissmetal Reconvilier: Bids to buy assessed: No basis for further negotiations - Swissmetal stands by Reconvilier site and aims to preserve 200 jobs - Replacement member proposed for Board of Directors At today's meeting of the Swissmetal Board of Directors, the Board evaluated the expressions of interest received in relation to the potential sale of the Reconvilier site. However, it failed to find a basis for further negotiations, which would both fit the Swissmetal strategy and satisfy the interests of shareholders and of the location itself. No negotiations to sell will therefore be entered into. With this decision, Swissmetal affirms its determination to retain the Reconvilier site and to preserve the approximately 200 remaining jobs. The Board of Directors calls upon the workforce to now do everything it can to return operations to normal and restore customer confidence, and thus help prevent further job losses. Reconvilier does have a future, but will have to prove its worth as part of the Swissmetal Group.
The Board of Directors regrets that the employee representatives from Reconvilier have cancelled the meeting scheduled for today of the working party assembled under the auspices of the mediation process, and which was to discuss the shaping of a common future. The Board of Directors appeals to everyone involved to make use of the opportunities that mediation affords, in the interests of preserving jobs at Reconvilier.
New Member of the Board of Directors proposedCurriculum vitae of Dietrich Twietmeyer, nominated for election as Member of the Board of Directors |
