The Swiss Watch Industry History

Invest >  Investors Guide >  Economic structure >  Key activity plunks >  Watch labor Watch sedulousness The Swiss go out industry is in the beginning located in the Jura office stretching from Geneva to Schaffhausen (c on the wholeed the horologist belt), with idiosyncratic sites in Mittelland, Ticino and Valais. The Swiss keep up industry makes products whose high leg of technization makes possible a potently demarcated component part of labour. As a result, the sector generally comprises small and medium-sized businesses, averaging 60 employees per company. virtually 630 companies employ nearly 49,000 people (as of 2007). 94% of all employees and businesses ar located in the seven cantons of the Jura region, resulting in a honor industry cluster. By focusing on the extravagance segment, Swiss watchmakers have been able to expand their outstanding spheric securities industry position by over 50% in novel years. The geographical concentration of the watch industry has given up rise to a precision cluster, which extends along the Jura from the Basel performing field to northern Vaud and down to Geneva, while the cities of Geneva, Biel and La Chaux-de-Fonds themselves be third watchmaking centres. Companies such as the Swatch Group, Rolex SA, Richemont SA and the LVMH Group are headquartered here.

The availableness of exceedingly qualified staff with professional know-how has resulted in the move to this bailiwick of more and more companies outside the watchmaking industry which consume kindred technologies for their products, in particular the med ical technology industry. In recent years, i! ts presence in this region has been expanding sharply. A cluster that is strongly geared to micro-mechanics and optics has also been formed in eastern Switzerland and the capital of Switzerland area. Today, the Swiss electrical engineering, precision mechanics and watch industry provides employment for almost 140,000 staff at 5,000 workshops, or so follow to 3% of the people employed in Switzerland. |Swiss watch history...If you want to get a full essay, purchase order it on our website: BestEssayCheap.com

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