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Despite the scourge of the Swiss franc, Swiss industry is doing better than it says
If the franc rises and the global economy sputters, local industry is threatened with the perfect storm. The industry is complaining, but it also knows its resilience, which it has had to cultivate over decades.
Theoretically, steel production in Switzerland, a high-wage country, has long been a thing of the past. But they still exist – for good reasons.
Bild: Christian Beutler/Keystone
Numerous listed Swiss industrial companies report their annual sales in January. The companies represent only a relatively small but meaningful part of an economic sector that continues to be very important for employment and the country’s national product.