Swiss Army Knife Creator Has Never Layed Off An Employee. Uses Profits To Supplement Hard Periods

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Victorinox (/vɪktɵˈriːnɒks/) is a knife manufacturer based in the town of Ibach, in the Canton of Schwyz, Switzerland. Since its acquisition of rival Wenger in 2005, it has, once more, become the sole supplier of multi-purpose knives to the Swiss army.

It is the biggest manufacturer of pocket knives in the world.

The company was founded in 1884. Since 1891, the company has delivered knives to the Swiss army. Their famous emblem—a cross in a shield—has been used by Victorinox since 1909. That year, the mother of founder Karl Elsener died and he named the company “Victoria” in her honour. In 1921, with the introduction of “inox” (ab. for acier inoxydable, the French term for stainless steel) into their products, the brand and name of the company became the present “Victorinox” (“Victoria”+”Inox”)

On 26 April 2005 Victorinox acquired Wenger, the other official supplier of the Swiss Army knife,[4] announcing that it intended to keep both brands intact. On 30 January 2013 Victorinox announced that the company will integrate Wenger’s knife business to strengthen its competitive position internationally.

In 2006 the company had a workforce of 900 employees and produced about 34,000 Swiss Army knives, 38,000 multi-tools, and 30,000 household, kitchen, and knives per workday. Approximately 90 percent of its production is exported, to more than 100 countries.

In 2012 the manufacturing of a Swiss Army Knife was featured on a season six episode of the Ultimate Factories (aka Megafactories) television series.

Victorinox claims never to have had to lay off an employee. To avoid this they set aside profits during boom periods to supplement recessionary periods, as well as temporarily contracting employees to other companies as outsourced labour during recessions.[5]

Victorinox has licensed the Swiss Army brand and shield logo to companies producing watches, writing tools, luggage and clothing.

[SOURCE}(http://en.wikipedia.org/wiki/Victorinox#History)

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“Swiss Army Knife Creator Has Never Layed Off An Employee. Uses Profits To Supplement Hard Periods”