Banking & Fintech

Business Outlook

This content was published on Mar 9, 2001 The board announced its resignation just two days after the early and surprise departure of Moritz Suter as head of SAirGroup’s airline division. With half the board members due to step down at the annual general meeting on April 25, and the announcement of three new members at the same time, there is bound to…

André & Cie cuts more jobs

This content was published on Mar 9, 2001 André & Cie lost SFr285 million in 1999 and owed its bankers SFr554 million at the time. The latest redundancies follow a previous round in January, when the company cut 75 jobs from its Swiss workforce of 240. At the time, André & Cie warned that up to 850 jobs would go worldwide. The company…

Little big city top in world survey

This content was published on Mar 9, 2001 The survey, conducted by the consultancy firm, William Mercer, assessed factors such as political stability, public transport, health and education, and culture. For years, Zurich has been regarded as a somewhat staid place, dominated by banks and financial institutions. But Robert Blancpain, director of Zurich city council’s business development office, says this image is now…

Sulzer income plummets amid painful restructuring

This content was published on Mar 9, 2001 Releasing its annual results on Friday, the group said turnover had risen by four per cent to SFr5.7 billion. It added its net profit would have climbed by 39 per cent to SFr244 million, if exceptional costs had not been included. The industrial part of the group is undergoing a painful transition which will lead…

Swiss bourse upbeat about future prospects

This content was published on Mar 9, 2001 Measured in terms of turnover, the SWX is the third largest exchange in Europe and the sixth biggest securities trading centre in the world. But the growing trend towards consolidation and mergers among stock markets is leading many analysts to question whether the SWX can survive. The Paris, Amsterdam and Milan exchanges merged last year…

Swiss firms rush to split shares

This content was published on Mar 9, 2001 The legislation will bring Switzerland into line with a practice that has long been established in the United States and is increasing in other parts of Europe. It is aimed at improving market liquidity and broadening a company’s shareholder base. Most big companies are planning to change their capital structure in the next few months.…

Computer museum grows from Apple core

This content was published on Mar 9, 2001 The collection began in 1994 when Yves was putting out his rubbish and noticed that someone had thrown away an old Apple computer which still worked. At the time, he was studying computer science at the Federal Institute of Technology in Lausanne and was intrigued by the machine. Since then, he has amassed a huge…

Jobless rate heads in the right direction again

This content was published on Mar 9, 2001 Analysts say the figures continue to reflect the strength of the economy and the country’s tight labour market. Several sectors continue to suffer from a lack of suitable workers. The February unemployment rate was in line with the expectations of most economists. The fall in unemployment was particularly marked in canton Valais where it fell…

Europe gets first taste of Starbucks coffee

This content was published on Mar 9, 2001 Until now, it’s been hard to get hold of anything more exotic than a cappuccino in Switzerland but all that is about to change with Starbucks’ entry into the coffee market. The Seattle based company is offering more than 20 coffee-based beverages made from a selection of 12 different coffee varieties in its three level…

Swisscom decision to outsource logistics may cause job losses

This content was published on Mar 8, 2001 The announcement is part of a restructuring programme announced a year ago that will see Swisscom shed around 6,000 jobs. About half of them will be outsourced. On Thursday, the company said it was redistributing some of its logistics activities to other group business units as a prelude to outsourcing most of them. “Swisscom has…

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Banking & Fintech

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Business Outlook

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André & Cie cuts more jobs

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Little big city top in world survey

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Sulzer income plummets amid painful restructuring

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Swiss bourse upbeat about future prospects

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Swiss firms rush to split shares

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Computer museum grows from Apple core

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Jobless rate heads in the right direction again

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Europe gets first taste of Starbucks coffee

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Swisscom decision to outsource logistics may cause job losses

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