Tags: Swatch | Production | Delay | Fire

Swatch CEO Sees 3-4 Week Production Delay at Unit Due to Fire

Monday, 30 Dec 2013 08:11 AM

Swatch Group Chief Executive Nick Hayek said on Monday production at one of the firm's watch mechanism units could be delayed by several weeks after a fire destroyed one of its workshops on Sunday.

"We need to clean all the machines and reorganize, there will be a small delay of three or four weeks to production, maybe a bit more," Hayek told Reuters by phone.

Hayek played down the impact of the fire at Swatch's ETA unit, calling it a "relatively minor event" for the Swiss watchmaker.

Hayek said watchmakers that buy watch components from ETA would be most affected by the blaze and he expected some delays in deliveries.

© 2017 Thomson/Reuters. All rights reserved.

   
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Swatch Group Chief Executive Nick Hayek said on Monday production at one of the firm's watch mechanism units could be delayed by several weeks after a fire destroyed one of its workshops on Sunday.
Swatch,Production,Delay,Fire
110
2013-11-30
Monday, 30 Dec 2013 08:11 AM
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