Employee unions rejected the Swiss watchmakers' plans to trim their workforces to cope with the downturn in business.
Bloomberg reports that the maker of pilot's watches is up for grabs.
The luxury group abolishes the role of chief executive, promotes the next generation of leaders, while reporting grave half year results.
The luxury conglomerate's results for the first five months of the year continue the grim news.
The Swatch Group fared badly in the first half of 2016, with profit hitting the lowest in seven years, though management remains confident.
The largest Swiss watchmaker announced a sharp fall in sales and 50 to 60 per cent drop in profits for the first half of 2016.
A 20-year analyst of the Swiss watch industry outlines his thoughts on the business, and its outlook.
Luxury watchmaking remains weak - not such a bad thing for watch buyers.
The final instalment of the two-parter on my predictions for 2016 is all about the independents, outlining the whittling down of the field, but also green shoots with affordable, crowdsourced brands.