By  on September 12, 2008

MILAN — Swarovski is to cut 290 more jobs at its production facility in Watten, Austria, and invest 120 million euros, or about $168 million at current exchange, to modernize the plant in response to the current economic malaise and competition from producers in emerging markets.

This story first appeared in the September 12, 2008 issue of WWD. Subscribe Today.

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