Watches

Enterprise Information: Watch Business Braces For Historic Downturn

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Swiss watch factories began closing in mid-March, together with Rolex, Patek Philippe, Audemars Piguet, TAG Heuer, Hublot, and plenty of extra. Most watch firms put staff on short-time. Ludovic Voillat, of CPIH (Swiss Watch Business Employers Conference), instructed the Swissinfo information group, “Of 50,000 individuals working in firms topic to a labor settlement, 40,000 are at the moment partially employed. It’s unprecedented within the historical past of Swiss watchmaking.” 

 

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