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Swiss cuts a quarter of its destinations

This content was published on Jul 11, 2003 The measures designed to ensure the carrier’s survival will reduce the number of destinations the airline flies to from 96 to 71 from October. The airline’s intercontinental network will be reduced to 30 destinations from the current 40, and its European network will be cut to 41 destinations from 56. While the airline will still…

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US court approves ABB asbestos deal

This content was published on Jul 10, 2003 The decision by a United States bankruptcy court removes another obstacle to ABB’s restructuring plans to reduce its massive debt. The ABB share price rose slightly in Friday trading on the Zurich stock exchange following the announcement. “We are very happy that the court has agreed to the claim,” said Thomas Schmidt, spokesman for ABB.…

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Little train still amazes after 100 years

This content was published on Jul 9, 2003 But, as swissinfo discovered, the stunning scenery along the routes in south-eastern Switzerland is still the main attraction. When the lines were completed exactly 100 years ago, the public was finally able to marvel at a feat of engineering that surmounted many natural obstacles. Constructors had to build 69 bridges and towering viaducts over deep…

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Aircraft noise awakens residents’ wrath

This content was published on Jul 8, 2003 Their anger is partly directed at Germany, which is to ban planes flying over parts of southern Germany on their way to Zurich airport. Up to 10,000 people took to the streets on Saturday to protest the measures. “Tens of thousands of people are affected,” Elmar Ledergerber, the mayor of Zurich told swissinfo. Germany said…

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Ascom wins Canada deal

This content was published on Jul 7, 2003 The deal comes just two weeks after the debt-laden company shed two underperforming assets in a bid to cut costs. Niche player In March, Ascom said it aimed to become a niche player in transport revenue collection systems, as well as in the wireless and security sectors. Switzerland’s one time leading telecommunications equipment maker is…

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Business sceptical about raising retirement age

This content was published on Jul 5, 2003 A new study shows that most firms view Interior Minister Pascal Couchepin’s blueprint as “unrealistic”. Earlier this year Couchepin unveiled controversial plans to raise the retirement age in two stages – up to 66 in 2015 and 67 in 2025 – in order to “save” the state pension scheme. According to government estimates, spending on…

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SMI recovery triggers hopes of an upturn

This content was published on Jul 4, 2003 Peter Wuffli, president of Switzerland’s largest bank, UBS, hinted recently that the two-and-a-half year equity slump, or “bear market”, has eased. However, he stopped short of declaring the recent upturn the beginning of a new bull market. Swiss market experts remain divided about the consequences of the recent surge, which followed a sharp decline in…

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Swiss told to do more to reduce CO2

This content was published on Jul 4, 2003 It warns that unless energy and transport policy change, levels will drop by only 1.3 per cent over the next eight years. The report, entitled “Potential for the reduction of CO2 emissions in Switzerland from now until 2010”, was published on Friday by the Swiss Federal Institute of Technology in Zurich. Eberhard Jochem, author of…

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Swiss told to improve air safety

This content was published on Jul 2, 2003 The transport ministry has appointed a security expert to assist in drawing up a national aviation safety policy. The independent report, carried out by a Dutch institute, was commissioned after the authorities were criticised in the wake of last year’s mid-air crash in Swiss-controlled airspace. The collision between a Russian passenger plane and a cargo…

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