Thyssenkrupp Cuts 570 Jobs in Swiss-Liechtenstein Operations

German automotive supplier announces major workforce reduction at its steering systems facilities in Switzerland and Liechtenstein amid industry crisis

Key Takeaways

Thyssenkrupp Presta will cut 570 jobs across Switzerland and Liechtenstein operations
The workforce reduction represents a quarter of total employees
Most job losses will occur in Eschen, Liechtenstein, where 2000 people are employed
Administrative sectors will be most affected by the cuts

By The Numbers

570

Total jobs to be cut

2000

Current employees in Eschen

120

Current employees in Switzerland

Percentage of workforce reduction

They Said

"The situation is serious: our current structures do not allow us to compete sustainably internationally"
— Thyssenkrupp group executive

Major Job Cuts Announced

Impact on Local Operations

Industry Context and Reasons

Employee Support and Next Steps

Sources & References

Thyssenkrupp Presta cuts 570 jobs in Switzerland and Liechtenstein

SWI swissinfo.ch

Key Takeaways

Thyssenkrupp Presta will cut 570 jobs across Switzerland and Liechtenstein operations
The workforce reduction represents a quarter of total employees
Most job losses will occur in Eschen, Liechtenstein, where 2000 people are employed
Administrative sectors will be most affected by the cuts

By The Numbers

570

Total jobs to be cut

2000

Current employees in Eschen

120

Current employees in Switzerland

Percentage of workforce reduction

They Said

"The situation is serious: our current structures do not allow us to compete sustainably internationally"
— Thyssenkrupp group executive

Key Takeaways

By The Numbers

They Said

Major Job Cuts Announced

Impact on Local Operations

Industry Context and Reasons

Employee Support and Next Steps

Sources & References

Filed Under