Dormakaba is Cutting 183 Jobs in Switzerland
- 10 Oct 2023 2:30 pm CET
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Dormakaba, a Swiss-based lock technology company, has announced a cost-cutting program that will result in the elimination of 183 jobs in Switzerland. However, there will be no closures of locations or production sites. The company's cost-cutting measures are intended to help it remain competitive in the global market. The job losses are expected to be completed by the end of 2021. Dormakaba has also announced that it will continue to invest in research and development, as well as in digitalization and automation, in order to remain competitive.