Watch industry with significantly more employees

The increased demand for Swiss watches has an effect on the number of the industry: The number of employees has nearly reached record levels again.

End of September 2011 were 52'803 people in the watch-and microtechnology industry operates, that is 4255 or 8.8 percent more than a year before, as the Association of Swiss Watch Industry (CP) announced on Wednesday.

2008 was a peak of 53'300 employees have been recorded before in the wake of the financial crisis in 2009, a decline of 7.9 percent and in 2010 again was followed by a slight loss of 1.1 percent.



The latest results reflect the good business performance in the Swiss watches industry, writes CP. However, the number of suppliers by 23 has dropped to 573rd CP explained that with mergers and acquisitions, but also with business tasks, and bankruptcies. Despite some efforts, the number of young apprentices remained on the 965th

Most watchmakers are employed there in the cantons of Neuchâtel, Bern and Geneva. Set last year were mainly production staff (9.9 percent) and home workers and home workers (12.2 percent), while management personnel (-3.2 percent) was reduced.