After having to contend with an unfavourable economic, structural, political or security environment, depending on the markets, the Swiss watch industry has gradually adjusted to the new environment in which it will have to operate. The adverse consequences on the state of business have given way to a recovery which has already become a strong upturn on some markets.
According to annual figures published by the Convention Patronale de l’Industrie Horlogère Suisse (CP), which is the Swiss watch industry employers association, 56,802 people were employed in the watchmaking and microtechnical sector in Switzerland as of September 30th 2016, which was 1,996 less than in 2015 (-3.4%).
Vaucher Manufacture Fleurier (VMF) is one of the rare manufacturers to master the machining of titanium and gold for watch components. The ultra-thin hand-wound flying tourbillon movement in titanium and gold, Seed VMF 5430/22, represents a composition of contrasting materials.
Swiss watches enjoy an unrivalled worldwide reputation.
The Swiss watch industry has decided to strengthen the criteria of the Swiss made label.
Buying or selling counterfeit products undermines know-how, finances organised crime, and threatens jobs and innovation.