Swissmetal conflict still unresolved

French bank BNP Paribas is continuing to block entry of Swissmetal workers to one of the cash-strapped company’s two production sites in western Switzerland.

This content was published on August 8, 2011 - 14:46 and agencies

The decision by the bank, Swissmetal’s principal mortgage holder, not to reopen the plant in Dornach prompted demonstrations on Monday by some 70 employees at a branch of the bank in Basel.

Swissmetal and the lending institution are still negotiating a deal that would enable the employees to return to work at the Dornach plant. BNP Paribas allowed a second plant in Reconvilier to reopen on Monday.

A resumption of work at both factories is a key condition set by French company Le Bronze in its offer to take over Swissmetal’s Swiss operations.

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