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Schweiter Technologies: Realignment of SSM Textile Machinery

Schweiter Technologies / Schweiter Technologies: Realignment of SSM Textile
Machinery. Processed and transmitted by NASDAQ OMX Corporate Solutions. The
issuer is solely responsible for the content of this announcement.
Horgen, May 17, 2016 - SSM Textile Machinery concentrates the segment of
texturing machines

At its site in Horgen, SSM will concentrate in future on the development,
production and commercialization of high-tech winding and sewing-thread
machines. As part of this focusing process, the texturing machines business
will be transferred to the existing site in Galbiate (Italy).

The planned measures will result in approximately 20 redundancies in
Switzerland. Part of the personnel reduction will take place by natural
fluctuation and early retirements. The company is striving for a socially
acceptable solution for all affected persons.

With this focusing, SSM Textile Machinery is increasing its sustainable
competitiveness and securing the remaining jobs in Switzerland.

Schweiter Technologies AG, Neugasse 10, CH - 8810 Horgen, Switzerland
Telefon +41 44 718 33 03 Fax +41 44 718 34

Please find the Media release in the PDF attached:

Media release (PDF)


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Schweiter Technologies via Globenewswire


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