LVMH-Owned Zenith Consults on Possible Cuts to Half Its Swiss Workforce
A person close to the company said Zenith has launched a consultation that could lead to layoffs affecting up to half its Swiss workforce as it shifts focus to more profitable luxury watches.
By Alessandro ParodiLVMH-owned EURONEXT:MC Swiss watchmaker Zenith has launched a consultation process that could see up to half of its Swiss workforce laid off as it shifts its focus to more profitable luxury watches, a person close to the company said.Swiss watchmakers have struggled for years wi…