Hi All;

The downturn in orders from the Far East is starting to have an effect in the Swiss watch industry, today two of the smaller suppliers, a dial maker and a bracelet maker announced layoffs. The totals involved are less than 20 employees, but the smaller suppliers are at the bottom end of the ‘food chain’ and the first to feel any effects when the brands (who are their clients) start to reduce their production estimates.

James

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