These switches do fail after a long time of use.
Pry off the big power knob with two blunt knives inserted between the power knob and the speed ring. It is just pushed on firmly.
Turn the speed ring to minimum and note the markings on the little nylon gear inside and the pointer of the speed ring.
Remove the speed ring and the little gear inside.
Two philips screws have to be removed here.
And a third one that is hidden under a small lid on one of the corners near the maximum speed number.
You might have to use a craft knife to remove this lid.
Now you can wriggle off the whole top.
After you have studied where the end of the spring goes, you can remove the metal safety lever.
Mark the top/bottom half of the switch before opening. It fits on two ways. Wrong, and you could have trouble with the safety lever.
The switch has to be opened carefully (I desolder/remove them).
One of the silver contact wires has burned in and is now too short to contact properly.
First swap the stationary contact with a good one from the opposite side.
Then bend the loop a bit smaller so it can reach the contact again.
Take care to not deform the loop where a second contact is.
Put everything back in reverse order. Check if the speed ring reaches max and min position.
10 years more life :)
Leo
December 2012