Chairman Patrick Pruniaux of Sowind Group stated, "It's a small watch crisis so far, slightly disconnected from the economy... This year is a challenge." This highlights the current predicament facing Swiss luxury watchmakers as they navigate a downturn in demand.
According to Pierre-Alain Berret from the Jura Chamber of Commerce, he revealed, "Around 40 companies in the canton of Jura submitted applications for short-time work compensation during the summer, a significant increase from just five at the start of the year." This emphasizes the growing reliance on government support among watchmakers.
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