Advertisement

If you have an ACS member number, please enter it here so we can link this account to your membership. (optional)

ACS values your privacy. By submitting your information, you are gaining access to C&EN and subscribing to our weekly newsletter. We use the information you provide to make your reading experience better, and we will never sell your data to third party members.

ENJOY UNLIMITED ACCES TO C&EN

Business

Lonza Boosts Workhours At Visp

by Marc S. Reisch
July 4, 2011 | A version of this story appeared in Volume 89, Issue 27

Active pharmaceutical ingredients maker Lonza has increased the weekly workhours for all employees at its main Visp, Switzerland, site from an average of 41 to 43 hours. The longer workhours—at no increase in pay—will remain in effect for the next 18 months to help make up in part for the strong Swiss franc, increasing raw material and energy costs, and aggressive pricing by competitors. Lonza is projecting a revenue shortfall this year of between $71 million and $83 million just from the unfavorable currency exchange rates.

Article:

This article has been sent to the following recipient:

0 /1 FREE ARTICLES LEFT THIS MONTH Remaining
Chemistry matters. Join us to get the news you need.