Home Media Corner Media Releases The strength of the Swiss franc is impacting on sustainable recovery in the Swiss MEM industries
Contact Person  Noé Blancpain Noé Blancpain
Head of Communications and Public Affairs
+41 44 384 48 65 +41 44 384 48 65 n.blancpainnoSpam@swissmem.ch

Thanks to a rise in new orders, the Swiss mechanical and electrical engineering industries (MEM industries) emerged from the profound economic crisis in 2010. However, a survey of Swissmem members shows that the strength of the Swiss franc is exerting tremendous pressure on margins, resulting in another operating loss for a large number of companies. Swissmem is calling for systematic promotion of innovation, new free trade agreements, no further increases in incidental labour costs and no restriction of the free movement of persons.

Last update: 24.02.2011