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.
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.
swissinfo.ch and agencies