With losses greater than 200 thousand euros per week since the application of tariffs, Thermoplan, which provides Big brands like Starbucks, McDonald’s and Nestlé It considers to transfer part of the production to Germany or the US as a way to protect its 500 workers.
Thermoplan, a Swiss company that manufactures coffee machines, is at risk due to the 39% tariffs imposed by the United States. The company admits to change part of production out of Switzerland to protect the 500 jobs.
It started as a family business. Today, it provides major brands such as Starbucks, McDonald’s and Nestlé. The United States is the main destination of the exports of the Swiss company.
With the 39% rates imposed by the United States on Switzerland about a month ago, The business is now threatened.
“It’s a big shock. We have much worse conditions now with these tariffs. We have to look for solutions to survive. First of all, we want to keep our workers, who trust the company. But the only solution will be to transfer part of the production to a country with lower rates,” said Adrian Steiner, CEO of Thermoplan.
The company reveals that, since the tariffs are in force, The damage even exceeds 200 thousand euros a week.
“We already make a cost division with our customers. But even so, it’s a huge burden for them too,” he added.
Switzerland is not part of the European Union, where the rates are lower. Therefore, the THermoplan equals transferred part of the production to Germany or the United Statesas the only way to ensure that it does not lose any of its 500 workers.
