SWATCH GROUP ( Svo grup ) The Swatch Group is a group of sixteen watch companies.

The Swatch has a mechanism with (D svo grup iz a grup ov sikstin vo kompaniz. D svo hez a mekanizm vit ) only fifty-one parts. Most other watches have more than one hundred and fifty. The company ( onli fifti-van parts. Moust ader voiz hev mor den van handrid end fifti. D kompani ) was founded in 1983. The chairman is Nicholas G. Hayek Jr, son of the late co-founder and chairman ( voz faundid in najntin ejti fri. D ermen iz Nikolas Di Hajek Dej Ar, san ov d lejt kofaunder end ermen ) Nicholas Hayek. The company is located in Switzerland. The headquarters of the company is in Biel. ( Nikolas Hajek. D kompani iz lokejtid in Svicelend. D hedkvoters ov d kompani iz in Bijel ) It consists of fifty production centres in Europe and Asia. Companies in the group include Omega, (It kozists ov fifti prodakn sentrs in Jurop end Eja. Kompaniz in d grup inklud Omega ) Tissot, Calvin Klein, Swatch and Flik Flak. It employs over 33,600 people in 50 countries. ( Tiso, Kelvin Klajn Svo end Flik Flek. It implojs ouver frti fri tauzend end siks handrid pipl in fifti kantris) The company covers 25% of the worlds watches market with annual sales of 118,000,000 watches ( D kompani kavers tventi fajv persent ov d vorlds voiz markit vit enjual sejlz ov van handrid end ejtin milion voiz) Their main competitors are Seiko Holdings Corporation and Citizen Holdings Co., Ltd. Their plans are (Der mejn kompetitors ar Seiko Korporejn end Sitizen Holdings Kou Eltidi. Der plens ar) to expand their production to components for telecommunications industry in the future. ( tu ikspend der prodakn tu komponents for telekomjunikejns industri in d fjuer )