Photo: Wikimedia Commons
A number of Swiss companies are finding the high Swiss Franc is hurting their results, reports the WSJ.In recent weeks the Franc has been on a high as it continued to be a safe-haven for investors, many of whom were about the unstable Euro.
Swiss companies face difficulty in keeping their goods and services internationally competitive as prices rise.
Now the Swiss watch makers and pharmaceutical companies that make up much of Switzerland’s industry are trying to figure out ways to cut costs.
Worse still, its unlikely that the Swiss government will intervene — previous attempts in 2009 proved impotent.
NOW WATCH: Briefing videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.