Wrapping paper manufacturer Stewo lays off 37 people
Published: Wednesday, Jul 31st 2024, 09:50
Updated At: Thursday, Aug 1st 2024, 01:59
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37 of the 56 employees at gift-wrapping paper manufacturer Stewo International AG in Wolhusen LU have been made redundant. 19 people will remain employed in marketing, sales, purchasing and administration.
Last week, it was announced that Stewo would be relocating and reorganizing its production and logistics by the end of March 2025. The company did not communicate the exact extent of the job cuts at the time.
At the request of the Keystone-SDA news agency on Wednesday, Stewo confirmed a report by SRF's regional journal Zentralschweiz that 37 people were affected. According to the letter from the management, "intensive work is being done on individual solutions to place them in new employment until their departure in March 2025".
"Economically unsustainable"
Stewo justified the reorganization with the strong Swiss franc, competitive price pressure and high energy and raw material prices. The export conditions had become "economically unbearable", according to the letter.
From April 2025, logistics will be based at the Heilbronn site in Germany, the Stewo management explained further. For production, the company will work with existing partners in Europe and Asia in future.
The marketing, sales, purchasing and administration departments will therefore remain in the Wolhusen area, the letter continued. Stewo, the only Swiss gift wrap manufacturer, has been owned by the German company Baier & Schneider GmbH & Co.
©Keystone/SDA
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