Rolex Closes Swiss Factories

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Rolex Closes Swiss Factories

Post by koimaster » March 17th 2020, 2:50pm

There is major news out of Geneva this evening: Rolex will close production facilities in Geneva, Bienne, and Crissier for 10 days effective Tuesday, March 17 at 5:00 CET. Rolex CEO Jean-Frederic Dufour conveyed the company's plans in a letter to employees today. The closure comes as businesses in many sectors across the globe are temporarily shuttering and encouraging employees to work from home if possible amid the worsening coronavirus pandemic.

The spread of the coronavirus has continued in many regions of the world, with Europe being among the most impacted. Just today, the Swiss newspaper Neue Zuercher Zeitung reported: "The Federal Council decided on Monday to tighten the measures to protect the population in view of the accelerated spread of the coronavirus...All shops, restaurants, entertainment, and leisure facilities will be closed until April 19, 2020." As of March 15, according to the NZZ, the number of cases in Switzerland had risen to 2,330; 18 people have died. Several Swiss cantons, including Geneva, declared a state of emergency on Monday.

Here is the text of Dufour's letter, translated from French:

Sirs and Madams,

Dear Colleagues,

As I already said last week, we are facing a very serious situation. In order to protect you, your families, and your loved ones, but also to limit the risks of spreading the Coronavirus as much as possible, we have decided to close our production sites in Geneva, Bienne, and Crissier from March 17 at 5:00 PM through Friday, March 27, 2020. That date may of course be pushed back according to the evolution of the epidemic.

Certain services will have to remain open for imperative operational functions. Your managers will give you more details on this subject.

From now on, we ask you to respect the measures of confinement issued by our authorities in Switzerland and in France to the letter.

I am certain that this is just a difficult period and if together, we all adopt good behavior, that we will contribute to and participate in the stabilization of the situation, and that will allow us to get back to work in total safety as soon as possible.

Thank you for respecting the instructions of your managers in order to carry out this closing under good conditions.

Best of luck for the days to come, take care of yourselves!

Kind regards,

Jean-Frederic Dufour

Geneva, 16 March 2020
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