Ruag's Altdorf facility in jeopardy

In spite of the management's best efforts and those of the entire workforce, price pressures in the automotive sector and the loss of long-standing customer relationships have made it impossible for the Automotive section to maintain a commercially sustainable business model. In addition, the situation has made a management buyout (MBO) unviable, the company writes in a statement. Part of Ruag's Technology Division, the Automotive section currently employs 27 staff. Due to their age, early retirement is possible for seven of the staff. In the event of a closure, Ruag's social compensation plan would come into play. The consultation process is scheduled to end on 21 June 2013.