Swiss watch sector jobs up for first time in years

The workforce of Switzerland's watchmaking sector has grown for the first time in four years "This is the first time the numbers have risen in four years, after a loss of 4,168 units between 2014 and 2017," said the Employers' Association of the Swiss Watch Industryexternal link The increase reflects the overall growth of Swiss watch exports in 2018.

"The sector has almost compensated, in terms of personnel, for the losses suffered in recent years Despite this good result, caution is still required," says the Employers' Agreement of the Swiss watch industry on Monday when presenting its annual census The watchmaking industry also clocked a slight increase in the number of managers and administrative staff.

The number of watchmaking companies in Switzerland has increased by 3.3% since the last census, mainly thanks to the opening of new points of sale, according to the CP Mixed outlook for Swiss watchmakers The Swiss watchmaking industry expects a continuing rise in exports next year but is concerned that the US protectionist trade policy. Source