A lot of good things can be said about Swiss Army knives. They are adorable, handy, and super versatile. Need a corkscrew, a file, or an itty-bitty wrench? Your Swiss Army knife has got your back. Victorinox, the company that makes these knives, also has the back of its employees—they have never had to lay someone off since the company was founded in 1884.
The company set up a unique system that would allow them to pay their 900+ workers even when business is bad. They allocated certain amount of funds that were made during boom periods and set them aside in case the company was suffering. Those funds are then used to pay their employees even when the company isn't making money. They also outsourced labor to other companies so Victorinox employees are never left without a job.
After the 9/11 attacks, Victorinox lost 40% of their business because Swiss Army knives were considered easily concealed weapons. Thankfully, Victorinox was like a boy scout (always prepared), and used their boom profits to pay employees.
As of 2009, the company was able to celebrate that over one-hundred of their employees have been with Victorinox for over forty years. That is like, x10 longer than most celebrity marriages.
“We consider our employees as one big family, and we have always tried to apply a strategy that allows us to overcome normal economic cycles,” said Victorinox President and CEO Carl Elsener Jr.
Aw, they are like one big family! A big family that makes tiny knives.