The company, shutting down production lines in the spring, announced that it has postponed its plan to lay off 120 people. The company announced that it instead implemented short-time work to protect its employees.
Proposed Measures
Measures such as a temporary reduction in grid charges to reduce energy costs, regulations to encourage the use of local steel and recycling fees for steel are being discussed. By taking these measures to secure the future of Stahl Gerlafingen, the company aims to increase efficiency and maintain production capacity.
CHF 450 Million Investment
The plant's affiliated company, the Beltrame Group, invested CHF 450 million (EUR 450 million) in Stahl Gerlafingen to this day. The statement emphasized that the company is ready to reinvest these earnings in the plant as it achieves profitability.
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