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Copper-alloy company Swissmetal is reportedly considering mass layoffs if investors don’t help the company out of financial troubles.
More than 200 jobs would likely be cut at the company’s plant in Dornach, which was halted earlier this week.
Company chairman Martin Hellweg said for a total rescue Swissmetal would need a “white knight” investor bringing new money to the table.
Swissmetal has been scrambling to find its way out of a financial mess.
The company fired its chief executive, Olaf Schmidt-Park, on Monday, following the departure of the chiefs of finance, operations and human resources.
The Solothurn-based company recorded its third year in the red in 2010, losing 26.1 million francs.