You are here

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
Saturday, February 7, 2015 - 05:50
BT_20150207_NAHSWISS7_1504300.jpg
ATTRACTIVE DEAL: A store at the Bahnhofstrasse in Zurich displaying a notice that reads: 'Due to the sudden rise in the Swiss franc against the euro, and to allow us time to adjust our prices, we are guaranteeing a 20 per cent discount on all non-reduced items* for an indefinite period.'

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

Powered by GET.comGetCom