The main reason for this action is the drop in order intake in the first half of 2015, which has led to shortfalls in capacity utilization in the second half. The introduction of short-time work will not affect customers in any way: quality, commitment to performance and availability are guaranteed at all times.
RUAG Space in Nyon is one of the world's leading manufacturers of slip rings. These are electromechanical components that ensure the reliable transfer of signals and electricity from a rotating part to a fixed part – such as from a self-adjusting solar panel to a satellite.
Looking ahead to 2016, RUAG anticipates a substantial recovery in the order situation in Nyon.
In April and July this year, RUAG increased working hours by three hours to 43 hours a week in selected, mainly export-oriented areas. This was because the Group faced a competitive disadvantage against foreign competitors owing to the strong Swiss franc.