German car crisis hits Swiss manufacturing industry

The closure of a Swiss factory that manufactures precision components shows that the crisis in the German car industry is also having an impact in Switzerland. The St Gallen-based industrial group SFS has decided to close its plant in Flawil by the end of 2027, resulting in the loss of 110 jobs. The decision took the staff by surprise, according to a report in the Sunday paper NZZ am Sonntag. SFS manufactures precision components at the site for German cars, for which production is falling.…