Swiss perspectives in 10 languages

Tornos to cut 200 jobs

The Swiss machinery company, Tornos, is to cut 200 jobs. The announcement came as it reduced its sales outlook for 2001, saying the economic downturn was hitting business.

Shares in Tornos were suspended for the rest of the day, the Swiss Exchange announced earlier.

Prior to its suspension shares in Tornos were down 3.4 per cent at SFr38.60.

The Tornos Group employs more than 1,200 people, with about 1,000 working at the group’s headquarters in Moutier, in canton Bern.

Tornos develops and manufactures integrated machine tools: single-spindle automatic lathes with sliding headstock, fixed headstock, multi-spindle lathes, bar loaders and peripheral equipment.

swissinfo with agencies

In compliance with the JTI standards

More: SWI swissinfo.ch certified by the Journalism Trust Initiative

You can find an overview of ongoing debates with our journalists here. Please join us!

If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.

SWI swissinfo.ch - a branch of Swiss Broadcasting Corporation SRG SSR

SWI swissinfo.ch - a branch of Swiss Broadcasting Corporation SRG SSR