Swatch CEO sees 3-4 week production delay at unit due to fire

Swatch Group (UHR.VX) Chief Executive Nick Hayek said on Monday production at one of the firm's watch mechanism units could be delayed by several weeks after a fire destroyed one of its workshops on Sunday. Hayek played down the impact of the fire at Swatch's ETA unit, calling it a "relatively minor event" for the Swiss watchmaker.

via Business News - Yahoo Finance http://finance.yahoo.com/news/swatch-ceo-sees-3-4-124125354.html