{
Frank Koch

People

}

swiss steel faces supplier pressure as financial troubles deepen

Swiss Steel faces escalating challenges as suppliers demand advance payments amid a plummeting share price, which has fallen 11% to below CHF 2, resulting in a loss of CHF 450 million in value since April. The management's misjudgment of market conditions and a delayed job cut announcement have exacerbated the situation, leading to increased pressure from banks and major shareholders. CEO Frank Koch's position is precarious as the company struggles with overcapacity and dwindling confidence.
Tippinpoint.ch
Swiss Franc Swiss Steel Holding AG CHE Anina Berger Frank Koch Beat Schmid Martin Haefner Martin Lindqvist Show more
Finance & Economy, News Article
06:41 27.11.2024

swiss steel announces 800 job cuts amid weak demand and restructuring efforts

Swiss Steel is set to cut 800 jobs globally, including 130 at its Emmenbrücke site, due to persistently weak demand in the European manufacturing sector. CEO Frank Koch stated that the layoffs are painful but unavoidable, as the company struggles with low production levels and subdued growth prospects. The steel industry in Switzerland faces significant challenges, with calls for political support growing amid these cutbacks.
Blick
Euro Swisscom AG Swiss Steel Holding AG CHE Martin Haefner Peter Spuhler Frank Koch Show more
Finance & Economy, News Article
07:07 15.11.2024
Trending
Subcategory:
Cryptocurrency Markets Stock Market Updates Cryptocurrency Trends Cryptocurrency & Blockchain Regulations Central Bank Actions Market Sentiment Analysis Banking & Investment Regulations Employment Reports Banking Regulations Corporate Responsibility & ESG Anti-Money Laundering (AML) Regulations Inflation Rates & CPI Data Blockchain Technology Adoption Hedge Funds & Private Equity Cryptocurrency Regulations Tokenomics and Crypto Economics Decentralized Finance (DeFi) Innovations Mergers & Acquisitions Emerging Startups Cryptocurrency Developments
Countries:
USA GBR CHE DEU RUS IND CHN CAN ARE FRA JPN SGP TWN ESP MYS BRA LUX KEN THA AUS
Companies:
Coinbase Global, Inc. Apple Inc. NVIDIA Corporation Solana USD Ethereum USD Tesla, Inc. Chainlink USD Bitwise Bitcoin ETF Fidelity Contrafund UBS Group AG BlackRock, Inc. MicroStrategy Inc Delta Air Lines, Inc. Kraken Energy Corp. Ripple USD USD Ripples USD Microsoft Corporation Standard Chartered PLC Novartis AG Bank of America Corporation
Currencies:
United States Dollar Euro Swiss Franc British Pound Sterling Japanese Yen Indian Rupee Swedish Krona Chinese Yuan Canadian Dollar Singapore Dollar South Korean Won New Taiwan Dollar Thai Baht Philippine Peso Russian Ruble Vietnamese Đồng
People:
Donald Trump Elon Musk Ali Martinez Cynthia Lummis Gary Gensler Joe Biden Paul Atkins Brad Garlinghouse Bill Hughes Sr Tim Scott Matt Hougan Jerome Powell Bernie Moreno Elizabeth Warren Laurent Marochini Margaret Harwood-jones Keith Ammon James Howells Jimmy Carter Dave McCormick

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Links

Address

Newsletter

© 2025 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings

Save settings
Reset settings
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.