__Hinweis: Diese Seite verwendet Javascript für dynamische Darstellungen und interaktive Objekte wie Podcast.

Institute of Management (IfB-HSG)

'Swissmetal: The Restructuring of 2002-2009'

The Institute of Management provides the following information and materials for the case study.


Swissmetal, a mid-sized Swiss Company, one of the leading suppliers of specialty products made from copper and copper alloy, was on the verge of bankruptcy in 2002 as a result of protracted conflict between its plants in French-speaking and German-speaking Switzerland and the firm's inability to adapt its strategy to changing market conditions. This case describes the successful restructuring of Swissmetal from 2002 to 2009, which gave Swissmetal and its owners time to reposition the company. The case exemplifies the restructuring phases distressed companies face: (1) refinancing; (2) (operational) restructuring; (3) strategic repositioning; and (4) securing the turnaround. Obstacles hindering restructuring efforts such as strikes and challenges caused by the recession following the financial crisis of 2008 are discussed also. The underlying question of this case is whether Swissmetal has a future as a semi-finished copper producer in Europe and what its owners could do. This case was written with the support of a Philip Law Scholarship awarded by ecch.


Case - Reference no. 310-260-1
Authors: Boppel, M. (University of St. Gallen); Lechner, C. (University of St. Gallen)
Published in: 2010
Length: 22 pages
Data source: Field research

Teaching note - Reference no. 310-260-8
Authors: Boppel, M. (University of St. Gallen); Lechner, C. (University of St. Gallen)
Published in: 2010
Length: 19 pages
Data source: Field research

Download inspection copy of the case study:

Inspection Copy - Case Study

Order the case study and teaching note at The Case Centre:


If the case study and teaching note is not available via The Case Centre or you have questions to additional material and the application of the case study please contact the author:

Michael Boppel

Further information


Institute of Management
University of St. Gallen
Michael Boppel
Dufourstrasse 40a
CH-9000 St. Gallen
Phone: +41 (0)71 224 71 08
Fax: +41 (0)71 224 23 55

  • Logo AACSB
  • Logo EQUIS
Member of
  • Logo CEMS
  • Logo PIM
  • Logo APSIA
  • Logo gbsn
Share it

University of St.Gallen – School of Management, Economics, Law, Social Sciences and International Affairs (HSG)
Dufourstrasse 50, CH-9000 St.Gallen, Tel +41 71 224 21 11, Fax +41 71 224 28 16
© 2016 University of St.Gallen, Switzerland
· General legal information · Data privacy statement · Google Tag Manager

From insight to impact