Swiss Lift-Maker Schindler to Cut 2,000 Jobs Amid Pandemic Slump
Photographer: Chris Ratcliffe/Bloomberg
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Swiss elevator-maker Schindler Holding AG plans to eliminate 2,000 jobs as the global economic slump brought on by the coronavirus pandemic caused a double-digit slump in orders.
The cuts -- equivalent to about 3% of its global workforce -- will be chiefly among administrative functions and take place over the next two years, the company said on Friday.