Olma Messen St.Gallen AG is implementing a broad efficiency program, resulting in the layoff of ten employees due to a CHF 6 million shortfall in a planned capital increase and rising construction costs. The company will pause investments and focus on acquiring major corporate events to enhance profitability while supporting affected staff in their transition. Additionally, the recent vote against highway expansion necessitates future investments in Hall 9, which will be evaluated for funding.
During the 81st Olma on October 16, 2024, around 50 politicians engaged in discussions about the future of Olma Messen St.Gallen. CEO Christine Bolt highlighted the positive business development, noting that popular trade fairs have returned to pre-pandemic levels, and the new Gastia fair is already profitable. The focus remains on innovation and growth through new events and partnerships.
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