Flyer AG has developed a restructuring program to secure the long-term future of the company. The company is consistently focusing its strategy on its core business and will remain in Switzerland in the future. The restructuring will lead to a reduction in the workforce of around 80 employees. The consultation process has been completed. The redundancies will be implemented in as socially responsible a manner as possible. A social plan is in place.

The current difficult market situation in the entire bicycle industry with a post-pandemic market correction is also affecting Flyer AG, the Swiss market leader for e-bikes. Flyer has therefore drawn up a comprehensive restructuring program. Those responsible see this as an unavoidable business step to secure the economic foundations and international competitiveness of Flyer AG sustainably and in the long term. The company is placing its strategic focus consistently on its core business. Cooperation with specialist retailers will be strengthened. The Board of Directors will continue to focus on Swissness in&nbspthe future, with significant parts of value creation in Switzerland: the Huttwil site will remain of central importance to Flyer AG in the future.

Flyer announced the job cuts on September 5. The results of the consultation process were announced today. Around 80 of a total of 302 jobs will be cut in Huttwil. This affects both production and administration. Flyer has a social plan in place and is supporting the people affected in their professional reorientation.