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S U B S C R I B E
Tuesday, 9 October, 2012
It’s a debate which has intensified in recent years. With the strong Swiss franc impacting margins, should Swiss companies relocate abroad? One man who’s opposed is the head of the Swatch watch making company, Nick Hayek. He says moving out of Switzerland is misguided and that high productivity is more important than low labour rates. But many Swiss firms have moved operations abroad. WRS’s Vincent Landon spoke to Rudolf Minsch, chief economist at the Swiss business federation, economiesuisse, and began by asking him where they were headed:
How Swiss firms can cope with franc cap
It’s a debate which has intensified in recent years. With the strong Swiss franc impacting margins, should Swiss companies relocate abroad? One man who’s opposed is the head of the Swatch watch making company, Nick Hayek. He says moving out of Switzerland is misguided and that high productivity is more important than low labour rates. But many Swiss firms have moved operations abroad. WRS’s Vincent Landon spoke to Rudolf Minsch, chief economist at the Swiss business federation, economiesuisse, and began by asking him where they were headed:
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