Security firm Sicpa cuts jobs in western Switzerland

Sicpa, a company specialising in security inks, announced on Thursday that it plans to cut up to 120 jobs in canton Vaud, citing a complicated international economic context and geopolitical tensions. + Get the most important news from Switzerland in your inbox Sicpa's management is "planning a series of financial and operational measures to be implemented before the end of the year. They will concern the entire group and its entities", a Sicpa communications manager told the AWP news agency, confirming an earlier report by Swiss public radio, RTS. "In terms of employment, this restructuring could result in the elimination of up to 120 positions in Switzerland," he added. "This is the start of a process, in accordance with the Swiss Code of Obligations", he told AWP, adding that a consultation with employees had been opened "to enable proposals and suggestions to be made which could limit the extent of the measures envisaged as far as possible". He declined to comment on the ...