7/24/2020, 7:35 AM (Source: TeleTrader)
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Schindler to cut 2,000 jobs

The Schindler Group announced on Friday it will reduce its workforce by 2,000 over the next two years.

The elevator maker announced the decision in its second quarter earnings report, which showed the company's revenue fell 9% per annum to 4.96 billion Swiss francs (€4.63 billion). Net profit during the same period tumbled 28% to 313 million Swiss francs (€291.90 million).

Schindler currently employees 65,627 people.

Baha Breaking News (BBN) / MD