Pursuits
Richemont Offers to Scale Back Plan to Cut Watchmaking Jobs
- Luxury-goods maker willing to reduce cuts to 170 positions
- Union demands more concessions ahead of meeting Thursday
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Richemont offered to reduce a job-cut plan by about 20 percent, though worker representatives still demanded more concessions from the Swiss luxury-goods maker as they protested near the headquarters of its Piaget and Vacheron Constantin brands.
Richemont is willing to reduce the number of jobs it plans to eliminate at the Swiss watchmakers to about 170 from 210, the company said Tuesday, which was the original deadline for an agreement. The company said it would extend talks and the Unia union said they’d meet again Thursday to try to improve conditions in the plan after a “constructive” meeting Tuesday afternoon.