Industry view: Six months without the euro peg
- 9 years ago
How are Swiss companies coping with the strong franc after the Swiss National Bank lifted the peg against the euro? (SRF, swissinfo.ch)
In a surprise move on January 15, 2015 the Swiss National Bank (SNB) scrapped the minimum exchange rate with the euro of CHF1.20 that it had introduced in September 2011.
To counteract the increased price of exports, Swiss companies implemented cost-cutting measures like wage cuts, payment in euros and longer working hours.
In a surprise move on January 15, 2015 the Swiss National Bank (SNB) scrapped the minimum exchange rate with the euro of CHF1.20 that it had introduced in September 2011.
To counteract the increased price of exports, Swiss companies implemented cost-cutting measures like wage cuts, payment in euros and longer working hours.