Only five redundancies at Greubel Forsey in final

The manufacturer of luxury watches Greubel Forsey, for the first time in its history, is forced to lay off, but the deleted jobs are only five, compared to the ten originally planned. This was stated in an interview with "L'Agefi", co-founder Stephen Forsey society.

"We were 115 and now we have 110," but "our priority is to maintain the continuity." Greubel Forsey produces watches, only cent a year, whose prices range from 200,000 to 1.5 million Swiss francs, made for a high range of collectors.

The brand has suffered the negative effects of the crisis in Russia and Ukraine, "but in the past we have already experienced a similar situation and we always managed to keep a good balance." Greubel Forsey, based in Chaux-de-Fonds (NE), intends to focus on Southeast Asia, Europe and the United States, "who are recovering." The current year should be better than in 2015, thanks to the clock salon held in Geneva which led to the confidence for the future.