I wonder how the vaunted 'Swiss quality' of these machines will be maintained once they are no longer made there. On a related note, if making products close to the customer made so much sense, wouldn't you have an awful lot of Foxconn plants in the US? It is all about maximizing short-term profits while ruining the company in the long run.
Moving manufacturing to Asian countries is already an inevitable trend. Whichever corporations do not do so, they will be seen as lagging behind and so are their coming revenge.
The lost of job due to the trend may affect a lot of people. However, the country or the organization may get better focus and re-train people to do different jobs. There is no doubt the world is changing into a gigantic logistic organization. People do what they are good at. Countries will do what they are good at.
They were manufacturing in Switzerland? Perhaps they should have employed a few short-sighted MBA's to vet that decision back a few years ago. Doesn't look so bright in retrospect, and I doubt it looked very bright at the time the decision was made.
Abundant sunshine has little to do with solar power markets, or the we'd have booming markets in equatorial countries. No level of sunshine makes the current forms of solar economic vs. fossil fuel based grid electricity. Government subsidies, regulation, and artificially high electricity prices due to regulation are the drivers of solar panel consumption.
May be there is not enough sunshine to test those solar products that they make in Switzerland.
And the real market for solar products is in Asia where abundant sunshine availability through out the year makes a strong case for the solar products.
And the trend is to move the manufactruing where the market is . Isn't it?
I suppose that the more this happens, the sooner Asian manufacturing costs will rise (with their standard of living), and finally the tide will slacken. This did happen wrt Japan, after WWII, after all.
The other option will be that western countries will start slapping high tariffs or other penalites on this sort of corporate move, which would also work to put a damper on profits and/or on the number of toys people can afford to buy.
It's hard to sympathize with the tunnel-visioned MBA mentality of the corporate execs, however. Whenever one of these announces that their "top priority is the shareholder," watch out. They're about to screw you and ultimately the company itself, with their short-term thinking.
This is how the world is evolving to be. We will see more cuts in the Western world as they help Asia to dominate and lead this century. There is no going back on this - this is what all the firms are doing.
As we unveil EE Times’ 2015 Silicon 60 list, journalist & Silicon 60 researcher Peter Clarke hosts a conversation on startups in the electronics industry. Panelists Dan Armbrust (investment firm Silicon Catalyst), Andrew Kau (venture capital firm Walden International), and Stan Boland (successful serial entrepreneur, former CEO of Neul, Icera) join in the live debate.