Banking & Fintech

Seasonal workers from ex-Yugoslavia granted annual permits

This content was published on Apr 6, 2000 A group of 179 seasonal workers from the former Yugoslavia have won their right to remain in this country beyond the end of May, after being granted annual work permits by the canton of Vaud. The exceptional move brings to an end a three-year legal battle, and puts the men in a position to bring…

Saurer dips into the red

This content was published on Apr 6, 2000 The Swiss textile machinery and automotive component maker, Saurer, has seen its profit for last year swing into the red. The troubled group reveals a loss of SFr70 million in 1999, which compares to a profit of SFr87 million in the previous year. Saurer said it was undermined by the sharp drop in sales and…

Farmers to reap harvest if EU accords approved

This content was published on Apr 6, 2000 A Swiss farming lobby has recommended approval of a series of bilateral accords with the European Union, which will be voted on in a referendum next month. The lobby said the agreement to liberalise the agricultural sector would give Swiss farmers greater access to European markets. The deal will eliminate import duties altogether on some…

Zurich reveals plans to reinvent itself after posting record profits

This content was published on Apr 5, 2000 The Zurich Financial Services Group has announced an “excellent result” for 1999, with net profit up by nearly 16 per cent to a record SFr5.4 billion (US$3.26 billion). The group, which was created in September 1998 through the merger of the Zurich Group and the financial services business of Britain’s B.A.T. Industries, said Wednesday it…

EU adopts Swiss BSE test

This content was published on Apr 5, 2000 The European Union has decided to adopt a Swiss test as one of the three it will use in its fight against the cattle disease, BSE. The test, developed by the University of Zurich’s spin-off company Prionics, uses prion protein analysis to detect the disease in dead animals. Switzerland has been using the test since…

Swiss clean air bid

This content was published on Apr 5, 2000 The cabinet has announced the introduction of a new law aimed at cutting the levels of carbon dioxide. The law will bring Switzerland into line with targets for CO2 reduction adopted by the 1996 convention on climate change in Kyoto, Japan. The new legislation aims to cut CO2 emissions by 10 per cent of their…

SFr10 million for Mozambique victims

This content was published on Apr 5, 2000 The Swiss Broadcasting Corporation says it has raised SFr10 million for the victims of last month’s flooding in southern Africa. The Solidarity Chain, the fund-raising branch of the SBC, said the money was earmarked for projects run by Swiss aid organisations in Mozambique, Madagascar, and other parts of southern Africa. Humanitarian aid is now focussing…

Swiss cabinet urges Swisscom not to make redundancies

This content was published on Apr 5, 2000 The Swiss government has called on the country’s main telecommunications operator, Swisscom, to make as few redundancies as possible if its plans to cut a further 3,000 jobs between 2001 and 2003 are approved. It also says it expects Swisscom to find socially acceptable solutions for employees together with staff associations. The Confederation is the…

Media group Ringier announces record results

This content was published on Apr 5, 2000 Switzerland’s largest media group, Ringier, says 1999 was a record year, with turnover rising nearly six per cent to SFr947 million and net profit increasing by almost 44 per cent to SFr40.4 million. A statement from company headquarters in Zurich said all divisions posted more sales, but the parent company was the heaviest contributor, particularly…

Baxter investment triples the company workforce in Neuchâtel

This content was published on Apr 5, 2000 The United States pharmaceutical group, Baxter, is to create 300 more jobs at its plant in Neuchâtel over the next three years, investing a total of SFr210 million Swiss francs. The group announced in Brussels on Wednesday that it was making total investments of SFr660 million in its Hyland Immuno division at production sites in…

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Banking & Fintech

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Seasonal workers from ex-Yugoslavia granted annual permits

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Saurer dips into the red

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Farmers to reap harvest if EU accords approved

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Zurich reveals plans to reinvent itself after posting record profits

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EU adopts Swiss BSE test

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Swiss clean air bid

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SFr10 million for Mozambique victims

More

Swiss cabinet urges Swisscom not to make redundancies

More

Media group Ringier announces record results

More

Baxter investment triples the company workforce in Neuchâtel

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