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Swiss firms tackle strong franc by paring prices, getting discounts
They also pay staff in euros and increase working hours in bid to protect profits
Published Fri, Feb 6, 2015 · 09:50 PM
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Zurich
SWISS companies are cutting prices, asking suppliers for discounts, paying staff in euros and demanding new hours to protect profits from a soaring franc currency.
The central bank last month abandoned its cap on the Swiss franc, causing the currency to strengthen and prompting firms across Switzerland to warn of a plunge in profits.…
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