News

Job losses in Switzerland as Rieter cements position in Asia

16/03/2016

Textiles machinery maker Rieter is on its way to expanding its after sales business 30% by 2019, reporting sales of $140 million for the 2015 financial year. The sudden appreciation of the Swiss franc in January 2015 led the company to streamline production in Winterthur, Switzerland, and reduce the volume of purchases denominated in Swiss...

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