Cluster: Archive

Press says Swiss needs deeper cuts to survive

This content was published on Nov 20, 2002 Editorials said the 300 jobs losses and cutbacks on flight routes were not surprising given the current economic climate, but commentators fear they will not be sufficient to keep the airline going. The “Neue Zürcher Zeitung” said the measures, which come nine months after the airline took to the skies, exposed the need for more…

Swiss children take to the streets

This content was published on Nov 20, 2002 All the organisations working for the protection and the defence of children and teenagers are taking part. Wednesday’s events are being run by 11 Swiss organisations, including Pro Juventute, Swissaid, Terre des Hommes and Amnesty International. “Even if children’s rights still have a long way to go, we decided to make this day a celebration…

Swiss trims its wings but fails to impress critics

This content was published on Nov 19, 2002 But analysts say the measures designed to save the airline SFr400 million ($275 million) do not go far enough and will not guarantee the company’s future. Swiss chairman, Peter Bouw, told a media conference on Tuesday that the company’s third-quarter results were better than projected, but showed that Swiss still needed to improve overall profitability.…

Sulzer R&D division to spin out innovation

This content was published on Nov 19, 2002 Now Sulzer Innotec has introduced a new incubator to the Swiss market. Innotec is the name of the former research and development division of the Winterthur based Sulzer Group. It has been around for a good 50 years and recently started to source work from outside the company. Now more than two thirds of the…

Swiss clips its wings

This content was published on Nov 19, 2002 In all, 160 positions will be lost among cabin crew and ground personnel with 140 job losses among pilots. The company is expected to announce at the end of the year the scrapping of some routes as part of a raft of measures designed to save the airline SFr400 million ($275 million). Swiss aviation expert,…

Expo pieces auctioned at bargain prices

This content was published on Nov 18, 2002 The floating Jura Arteplage has been snapped up for a knock-down price, but the sale of the Monolith has been put on hold after the only offer was considered too low by the owner. A German entrepreneur, Rolf Oberle, was the only bidder for the huge, rusting monolith, one of the most talked about pieces…

Switzerland counts the costs of weekend storms

This content was published on Nov 18, 2002 Clean-up operations are underway but the damage is severe and repairs are expected to cost millions of francs. Some 300 people from the villages of Schlans, Panix and Tersnau in the canton of Graubünden, who were evacuated this weekend, are still unable to return to their homes. According to the cantonal police, the situation has…

Levitating train fails to get off the ground

This content was published on Nov 18, 2002 Some of its main supporters are pulling out of the project and its capital has shrunk dramatically. The kiss of death appears to have been a newspaper interview in which the Swiss transport minister, Moritz Leuenberger, said he no longer believed in the scheme. The Employers Federation in French-speaking Switzerland is withdrawing from the project,…

Swiss Life aims to raise SFr1.1 billion

This content was published on Nov 18, 2002 The company said on Monday it would issue 10,839,704 shares in a rights offering expected to raise SFr856 million. The new shares have been priced at SFr79 – a discount of more than 50 per cent on Friday’s close of SFr160. A convertible offering is set to raise a further SFr200-SFr250 million. Switzerland’s largest life…

Severe weather hits Switzerland

This content was published on Nov 17, 2002 Hundreds of people were evacuated from the village of Schlans after a mudslide left the village cut off from the outside world. A police spokesman in Schlans, a village in canton Graubünden, said the landslide had gone right through the middle of the village, injuring several people. Bruno Pfister, one of around 100 people who…

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Press says Swiss needs deeper cuts to survive

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Swiss children take to the streets

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Swiss trims its wings but fails to impress critics

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Sulzer R&D division to spin out innovation

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Swiss clips its wings

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Expo pieces auctioned at bargain prices

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Switzerland counts the costs of weekend storms

More

Levitating train fails to get off the ground

More

Swiss Life aims to raise SFr1.1 billion

More

Severe weather hits Switzerland

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