Editor
Swiss luxury watchmakers are turning to the government for financial aid to help them weather a downturn in demand.
Girard-Perregaux and Ulysse Nardin have become the first brands to confirm they’re using a state program to retain jobs and avoid permanent cuts. Sowind Group, which owns the two manufacturers, has put about 50, or 15 percent, of its 320 workers on so-called short-time work or furlough, according to chairman and chief executive…
