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Secretive Rolex remains Geneva’s largest employer

Posted by Dominique Wieland on 10 December 2010

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By Giles Broom  -  An employment study names Rolex as Geneva’s largest private sector employer but the luxury watchmaker remains hush-hush about the secrets of its success. After the watch sector experiences a revival in the first part of 2010, economic uncertainty once again spreads concern in an industry forced to make heavy job cuts during the recession. Meanwhile, Geneva’s finance industry, the report reveals, cut almost 700 jobs in 2009. Geneva’s largest private-sector employer is keeping quiet about the secrets of its apparent success. The watchmaker Rolex employs more people than any other company in the canton, according to a recently published survey by PME Magazine, a Swiss business publication. But...

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