ZURICH, March 2 (Reuters) — Sonova Holding AG (SIX:SOON), the world’s largest maker of hearing aids, will shift jobs out of Switzerland and freeze pay for Swiss staff as it cuts costs to cope with a surge in the value of the franc.
Switzerland’s central bank scrapped the cap on the franc against the euro Jan. 15, an unexpected decision after more than 3 years of holding down the value of the Swiss currency.
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