Tag: reduced hours

Richemont-owned Cartier and LVMH-owned TAG Heuer are both thought to be scaling back watch production and reducing the hours of employees at their respective Swiss manufactures. Jean-Claude Biver, head of LVMH’s watches and jewellery division, told French business publication L’Agefi that industry growth in August of 2.7% had been considerably less than the 4-6% predicted. […]