Cluster: Archive

SIG moves with the times

This content was published on Jan 18, 2003 Then a decade ago, the industrial concern based in Neuhausen am Rheinfall gave up those loss-making sectors to concentrate on packaging. SIG was founded by three men – railway pioneer Friedrich Peyer im Hof, watchmaker Heinrich Moser and industrialist Conrad Neher – on January 17, 1853, as the “Swiss Wagon Works near Schaffhausen”. The founding…

Switzerland on the road to gender equality

This content was published on Jan 18, 2003 But discrimination at work and in the legal system mean that Swiss women are still worse off than some of their European neighbours. “We mustn’t forget that we started with zero in 1971 [when women were given the vote],” Patricia Schulz, director of the Federal Office for Equality and head of the Swiss delegation in…

Swiss struggles to attract more passengers

This content was published on Jan 17, 2003 But the airline’s seat load factor for December remains below that of its key competitors. Swiss said on Friday that it carried 11.6 million passengers in 2002, which was almost two million more than the 9.8 million predicted in its business plan. Passengers numbered 2.92 million in the fourth quarter, a drop of 16.3 per…

Maurice Magnoni: Facing The Wall

This content was published on Jan 17, 2003

ABB agrees bankruptcy deal with asbestos lawyers

This content was published on Jan 17, 2003 The deal would cost the company a maximum of $1.2 billion. The debt-laden group, based in Zurich, is now offering cash of up to $350 million, as well as $50 million in ABB stock. It had originally put $1.1 billion on the table for a settlement, made up of $300 million in cash as well…

High-tech house project enters third year

This content was published on Jan 16, 2003 The project dubbed “FutureLife” was launched in October 2000 with the aim of showing what life in a fully automated household could be like. The organisers say it has been a huge success. Daniel Steiner, his wife Ursi and their two adopted children, Grace and Carlo, were selected to move into the Internet house, where…

SGS posts significant year-end profits

This content was published on Jan 16, 2003 The announcement came as a breath of fresh air amid a generally downbeat Swiss market. The Geneva-based company attributed its success to new cost-cutting drives implemented by Sergio Marchionne, who took over as CEO in February 2002. Over the year, Marchionne culled half the company’s board, postponed major acquisitions, launched a SFr250 million share buyback…

Comet chaser faces lengthy delay

This content was published on Jan 15, 2003 The Rosetta spacecraft, which carries an instrument designed at Bern University, was due to embark on its ten-year journey before the end of the month. The European Space Agency (ESA) and its rocket operator, the Arianespace consortium, announced the project would be postponed because of lingering concerns about the reliability of the Ariane 5 launcher.…

Swiss pop gets the hard sell

This content was published on Jan 15, 2003 But a new organisation, known as Swiss Music Export (SME), is hoping to change all that. Officially launched in both Zurich and Lausanne this week, SME has set itself the challenging task of increasing international awareness of contemporary Swiss music. The association’s director Marc Ridet insists there’s plenty of talent in Switzerland, particularly in the…

Big rise in bankruptcies

This content was published on Jan 15, 2003 The Swiss business information agency, Creditreform, said a total of 8,802 bankruptcies were registered in 2002, up eight per cent on the previous year. Corporate bankruptcies were up 11 per cent, the first rise since 1997, while private bankruptcies were six per cent higher than in 2001. Creditreform blamed the “worse than anticipated” economy and…

Cluster: Archive

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Cluster: Archive

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SIG moves with the times

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Switzerland on the road to gender equality

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Swiss struggles to attract more passengers

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Maurice Magnoni: Facing The Wall

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ABB agrees bankruptcy deal with asbestos lawyers

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High-tech house project enters third year

More

SGS posts significant year-end profits

More

Comet chaser faces lengthy delay

More

Swiss pop gets the hard sell

More

Big rise in bankruptcies

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