The United States company, Medtronic, says it plans to create another 200 jobs in Switzerland by 2006. The head of Medtronic Europe, Barry Wilson (pictured left), said the company would invest SFr50 million to expand its plant in canton Vaud.This content was published on January 26, 2000 - 18:59
The United States company, Medtronic, says it plans to create another 200 jobs in Switzerland by 2006. Medtronic, the world leader in cardiac stimulators, said it would invest SFr50 million to expand its plant at Tolochenaz, in canton Vaud.
The head of Medtronic Europe, Barry Wilson, said the investment would allow the company to double the plant's output and improve administrative and training facilities.
Medtronic moved its European headquarters to Tolochenaz only two years ago. Wilson said the decision to expand in the area was a result of the very successful cooperation encountered there.
He said the highly-qualified workforce, the presence of top-class universities nearby, and Switzerland's high environmental standards had been decisive factors in the decision.
Medtronic says it expects turnover to reach $5 billion (SFr7.5 billion) this year.
From staff and wire reports
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