Archive – Multinational Companies

Nestlé struggles to win over baby formula critics

This content was published on Jan 10, 2020 For Swiss food and beverage giant Nestlé, diversifying its infant formula offerings harbours great promise. But industry critics are sceptical.

A new skyline for Basel

This content was published on Jan 7, 2020 Switzerland experienced its first high-rise boom in the 1960s and 1970s, marked by strong immigration. Most of the nation’s approximately 2,000 high-rise residential buildings with ten or more floors were built during those two decades. In more recent years, Zurich, Dübendorf, Zug, Lausanne and Basel have added the most apartment towers with at least 15…

Swatch offers compromise in watch movements deadlock

This content was published on Jan 3, 2020 At the end of last year, the Competition Commission (Comco) temporarily suspended deliveries of watch movements from Swatch’s ETA unit to big rivals from January 1, 2020. Comco said it would review the case later this year, probably not before the summer. Swatch CEO Nick Hayek told the NZZ newspaperExternal link on Friday that his…

Hand holds cigarette packet in from of Philip Morris building

Job cuts loom at Philip Morris Swiss sites

This content was published on Dec 24, 2019 The uncertainty surrounding employees at facilities in Neuchâtel and Lausanne in French-speaking western Switzerland comes months after Japan Tobacco International announced 268 job cuts from its Geneva headquarters. The Neuchâtel regional office of the Unia trade union told the 24 HeuresExternal link newspaper that it has seen an internal email announcing the impending job cuts…

Pilatus no longer under investigation over Saudi Arabia activities

This content was published on Dec 22, 2019 The attorney general decided to drop criminal proceedings triggered by a government claim that the company had failed to report services provided in Saudi Arabia. The German-language newspaper NZZ am Sonntag broke the news. The decision, which was taken on November 18, is legally binding, according to news agency Keystone-SDA. Switzerland’s foreign affairs ministry had filed criminal…

Glencore named in Congo child labour case targeting Big Tech

This content was published on Dec 20, 2019 Swiss mining giant Glencore is at the center of a US legal case against Big Tech linked to child labour in the Democratic Republic of Congo.

Swatch slams regulator’s ban on its watch parts

This content was published on Dec 19, 2019 ComcoExternal link decided on Wednesday to temporarily suspend deliveries of watch movements from Swatch’s ETA unit to big rivals from January 1, 2020. But the regulator added that it would revisit the issue, most likely next summer. The Federation of the Swiss Watch IndustryExternal link said Comco’s decision “brings a lot of insecurities for the…

Which Swiss companies made headlines in 2019?

This content was published on Dec 18, 2019 Our analysis of what the biggest global companies in Switzerland are up to. This week: our top multinationals stories of 2019.

Novartis withdraws patent claim on leukaemia treatment

This content was published on Dec 16, 2019 The Swiss NGO Public Eye is claiming victory in the European Patent OfficeExternal link battle, but Novartis says the patent in question was only one of several it has in place on the (CAR)-T cell therapy treatment it had developed together with the University of Pennsylvania. Public Eye says the therapy costs CHF370,000 ($376,000), which…

UBS accused of investing in Chinese firm behind surveillance of Uighurs

This content was published on Dec 15, 2019 The bank is believed to hold shares in the Hikvision group whose products are used to monitor the Uighurs in detention camps and public spaces.

Archive – Multinational Companies

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Archive – Multinational Companies

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Nestlé struggles to win over baby formula critics

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A new skyline for Basel

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Swatch offers compromise in watch movements deadlock

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Job cuts loom at Philip Morris Swiss sites

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Pilatus no longer under investigation over Saudi Arabia activities

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Glencore named in Congo child labour case targeting Big Tech

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Swatch slams regulator’s ban on its watch parts

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Which Swiss companies made headlines in 2019?

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Novartis withdraws patent claim on leukaemia treatment

More

UBS accused of investing in Chinese firm behind surveillance of Uighurs

Popular Stories

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