Swarovski criticized

Works Council writes letter with explosive content

The Works Council currently sees little sparkle at the Swarovski crystal group in Wattens.(Bild: Birbaumer Christof)

The air is thick at the Swarovski crystal group. The trigger is a letter to all 78 shareholders in which the works council paints a gloomy picture for the Wattens site and accuses the management of serious mistakes. Krone+ knows how the company is reacting.

Once again, the Tyrolean flagship company Swarovski, headquartered in Wattens, is in turmoil: in a letter to the 78 shareholders, the Works Council expresses its concerns and fears about the site and further developments in Wattens, as well as throughout the Group. The letter contains serious accusations against the current management team, in particular CEO Alexis Nasard.