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Swiss axes 3,000 jobs

This content was published on Jun 24, 2003 The carrier, which is slashing its network by 35 per cent, said the “drastic action” was aimed at saving SFr1.6 billion ($1.21 billion). Swiss shares, which were suspended on Monday and Tuesday pending the announcement, fell more than 16 per cent on Wednesday to SFr7.01. They have lost nearly two-thirds of their value in 2003.…

Debt battle looms after ABB asbestos ruling

This content was published on Jun 24, 2003 However, analysts say that the company, based in Zurich, still has much to do to put its financial house in order. A United States bankruptcy court on Monday approved a $1.3 billion (SFr1.72 billion) settlement of asbestos lawsuits, provided that further details are supplied within ten days. US judge Judith Fitzgerald in Pittsburgh delayed giving…

ISE’s next growth spurt driven by LED boom

This content was published on Jun 24, 2003 The new growth phase is driven by the need to simulate the light reflecting properties of these devices. The software company sells a visualization tool that has been used by semiconductor factory researchers at Intel, Toshiba, and Motorola, for the past ten years. Sales in 2002 were $13.5 million (SFr18 million), reflecting 30 percent growth…

Swiss axes 3,000 jobs

This content was published on Jun 24, 2003 The carrier, which is slashing its network by 35 per cent, said the “drastic action” was aimed at saving SFr1.6 billion ($1.21 billion). Swiss said it would also require SFr500 million in additional financing to ensure financial stability during the restructuring. Around 700 pilots and 850 cabin crew will lose their jobs. Up to 1,500…

Pedestrians take a walk on the wild side

This content was published on Jun 24, 2003 But what will visitors to the city make of a surreal landscape which features underwater stop signs and segregated “fast-slow” walkways? Cornelia Schreier of the city’s public works department agreed to take swissinfo on a tour of the “Mobile Games” project, taking in some philosophical road signs, meandering green “detours” and manholes covered in word-search…

Swiss – key dates and decisions

This content was published on Jun 24, 2003 Here are some of the key moments since the carrier took to the skies in April 2002: March 31, 2002 Swiss takes to the air following the amalgamation of Crossair and the remains of Swissair, which collapsed in 2001. The carrier begins operations with 26 former Swissair jets and 76 Crossair craft. The company employs…

Swiss – key dates and decisions

This content was published on Jun 24, 2003 Here are some of the decisive moments in the turbulent history of Switzerland’s national carrier: March 2002 Swiss takes to the skies following the amalgamation of Crossair and the remains of Swissair, which collapsed in 2001. The carrier begins operations with 26 former Swissair jets and 76 Crossair planes. The company employs 12,000 people, of…

Swiss told to value young immigrants

This content was published on Jun 24, 2003 It has issued a series of recommendations aimed at improving their negative image and integrating them better into Swiss society. In its 80-page report published on Tuesday, the Federal Commission for Youth stressed that the basic rights of young foreigners were being ignored. It called for them to be granted special legal status. “We must…

ABB asbestos settlement close

This content was published on Jun 24, 2003 The decision, which is subject to additional information being provided, could pave the way for the multinational to clear up its financial woes. ABB spokesman Wolfram Eberhardt told swissinfo the company was satisfied with the decision and that its legal team was consulting Judge Judith Fitzgerald’s ruling, which is over 60 pages long. “We are…

Swiss wields heavy axe

This content was published on Jun 23, 2003 Union officials unveiled the carrier’s decision to slash a third of its workforce, which came after a board meeting on Monday. Union representative Daniel Vischer told Swiss television of the cuts after a closed-door meeting with company executives on Monday evening. “Swiss is in the same position as Swissair in October 2001, when the airline’s…

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Swiss axes 3,000 jobs

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Debt battle looms after ABB asbestos ruling

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ISE’s next growth spurt driven by LED boom

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Swiss axes 3,000 jobs

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Pedestrians take a walk on the wild side

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Swiss – key dates and decisions

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Swiss – key dates and decisions

More

Swiss told to value young immigrants

More

ABB asbestos settlement close

More

Swiss wields heavy axe

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