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Swiss Paper Manufacturer Perlen Announces Job Cuts
Perlen Papier, a paper manufacturer based in Lucerne, Switzerland, has announced that it will be reducing its workforce by approximately 65 positions. The decision, according to the company, is a response to persistently weak demand for paper, high price pressure, and ongoing consolidation in the European paper market.
Despite an increase in paper sales last financial year, Perlen Papier still posted a loss due to intense pricing pressure in the market. The job cuts are part of a broader program aimed at reducing costs and improving efficiency, as previous cost-cutting measures were insufficient.
Despite the job reductions, the company’s two paper machines will continue operating, ensuring the continued supply of coated magazine and newsprint paper to customers in their usual quality.
CEO Florian Geiger expressed regret over the measures, stating that they were necessary to ensure the continuation of paper production. Perlen is seeking socially acceptable solutions for the affected employees.
The company aims to save costs starting from the fall, with the measures being a crucial step towards maintaining the company’s viability in the challenging market conditions.
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