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Lonza to Cut 193 Jobs in Switzerland

1:09 AM MDT | March 25, 2010 | Deepti Ramesh

Lonza says it plans to reduce fixed costs at is sites as Basel and Visp in Switzerland by about SF40 million ($37 million) over the next 18 months, as part of a company-wide ‘re-engineering’ initiative, and to increase the competitiveness of its Swiss operations. As part of its cost-saving measures, Lonza plans to cut 193 jobs at Visp, and this forms part of the 450 job losses announced last October. Lonza employs 3092 people in Switzerland. The details for the Basel site are still being clarified, Lonza says. “Our operations in Switzerland face...

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