Accordingly, all Swiss sites of GF will increase their working time to an average of 44 hours a week, with immediate effect. This measure is to last until the end of 2015 and will be reassessed within six months together with the employee representatives.

"This agreement will allow us to increase productivity and enhance the competitiveness of our Swiss-based activities. My heartfelt thanks go to our employees at all levels for their commitment to face this new challenge without delay", says GF CEO Yves Serra.

GF comprises three divisions GF Piping Systems, GF Automotive, and GF Machining Solutions. Founded in 1802, the Corporation is headquartered in Switzerland and is present in 32 countries, with 124 companies, 48 of them production facilities. Its approximately  14 000 employees generated sales of CHF 3.77 billion in 2013. GF is the preferred partner of its customers for the safe transport of liquids and gases, lightweight casting components in vehicles, and high-precision manufacturing technologies.

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