Special symbol on an Omega vintage dial

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Maybe I misunderstand what is meant by "service watch", but do you mean that watches that are given to employees in certain jobs where a watch is needed?

A service watch is a watch given to an employee for service to the company. Usually at a milestone like 25 or 30 years.
 
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A service watch is a watch given to an employee for service to the company. Usually at a milestone like 25 or 30 years.

The Americans call this a 'Presentation Watch'