Archive – Banking & Fintech

Lego lets go of Swiss production

This content was published on Aug 31, 2005 Lego said on Wednesday high costs were one of the main reasons for moving production to eastern Europe by the middle of next year. The planned move foresees the closure of the facility at Willisau, where 239 staff will lose their jobs. Production at the plant, which paints the Duplo toy series for pre-school children,…

Swiss home ownership increases steadily

This content was published on Aug 31, 2005 Buying a house has long been out of reach for many Swiss but low interest rates and reasonable prices are changing the status quo, analysts say. Although Switzerland lags far behind other European countries in home-ownership rates, the proportion of owner-occupiers is increasing steadily. Between 1990 and 2000, the percentage of owner-occupiers increased from 30.3…

Amgen moves international headquarters to Zug

This content was published on Aug 30, 2005 The firm, which until now has had its European headquarters in Lucerne, has yet to decide whether to open a major production facility near the capital Bern. “We have decided to build our international headquarters in Zug,” Rolf Hoffmann, Amgen’s head of international operations, told the Finanz und Wirtschaft business paper. The company will move…

Fuel surcharge to be introduced from October

This content was published on Aug 30, 2005 Under the Kyoto Protocol, which it signed in 2003, Switzerland has pledged to reduce CO2 emissions by 1.8 million tons a year between 2008 and 2012. The environment and energy minister, Moritz Leuenberger, and the foundation for a climate tax signed an agreement on Tuesday on introducing the surcharge. Leuenberger’s ministry said the tax would…

Federal Railways doubles loss in first half

This content was published on Aug 30, 2005 The poor result was blamed on problems in the freight division, which is to shed hundreds of jobs, inadequacies in the pension fund provision, and falling government subsidies. In a statement on Tuesday, the railways also attributed the increased loss to higher operating costs in the passenger sector and lower margins in goods transport. The…

Airport strives to become “the” meeting place

This content was published on Aug 30, 2005 Renamed the “Eventdock” after a SFr10 million ($7.86 million) refit, the building opened its doors again this month as airport operator Unique posted disappointing half-year results. Net profit at Zurich airport fell 7.3 per cent to SFr3.8 million ($3 million) in the first six months of 2005 compared with SFr4.1 million ($3.27 million) in the…

Tourist industry reopens for business

This content was published on Aug 29, 2005 Hardest hit were mountain resorts and rail and road connections in the Bernese Alps and central Switzerland. “Swiss resorts need tourists [to salvage] their late summer and autumn seasons,” Oliver Kerstholt of the national tourist board, Switzerland Tourism, told swissinfo. “[They should] come to Switzerland because many areas have not been affected at all and…

Senate committee discloses insurance failures

This content was published on Aug 29, 2005 The committee called on the government to take a more active role in the operation of the scheme, which has run up a SFr6 billion ($4.77 billion) debt mountain. In a report published on Monday, the watchdog body criticised the cabinet and the Federal Social Insurance Office for not showing initiative, adding that one in…

Loss of habitat leaves smokers out in the cold

This content was published on Aug 29, 2005 The decision by the city authorities comes amid a growing nationwide crackdown on passive smoking that is rapidly driving smokers out of their favourites haunts. From the end of the month smokers among the city’s 3,600 staff will be forced to brave the elements to pursue their habit. “We are simply thinking about people’s health…

Floods and fears start to recede

This content was published on Aug 27, 2005 Hundreds of people were able to spend the night in their own homes on Friday night in canton Bern, one of the worst affected areas. In the Brienz and Reichenbach in canton Bern the planned evacuation of around 1,000 people was cancelled as flooding stated to recede. Police said the water levels in the central…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Lego lets go of Swiss production

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Swiss home ownership increases steadily

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Amgen moves international headquarters to Zug

More

Fuel surcharge to be introduced from October

More

Federal Railways doubles loss in first half

More

Airport strives to become “the” meeting place

More

Tourist industry reopens for business

More

Senate committee discloses insurance failures

More

Loss of habitat leaves smokers out in the cold

More

Floods and fears start to recede

Popular Stories

Most Discussed