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Genetically modified organisms found in biological animal feed

This content was published on Mar 11, 2001 The agriculture ministry spokesman, Jürg Jordi, confirmed the report in the Swiss newspaper, “SonntagsZeitung”. Jordi said that 17 per cent of the soja in the animal feed was genetically modified. While genetically modified soja is not illegal in Switzerland, the legal limit for animal feed to be certified as organic is three per cent. The…

Nestlé official touted as likely successor to SAirGroup boss

This content was published on Mar 11, 2001 Media reports on Sunday speculated that Corti would take over at the helm of the troubled SAirGroup, when the remaining members of the management board step down next year. The “SonntagsBlick” newspaper said he may even take over from Honegger at SAirGroup’s next general meeting on April 25. It is not clear why Corti did…

SAirGroup board closes ranks

This content was published on Mar 10, 2001 The management board of SAirGroup, the holding company of the national carrier Swissair, announced its resignation on Friday as part of a major shift in strategy. It was the latest in a series of dramatic announcements affecting the company in the past two months. Honegger said the restructuring of the company would be complete within…

SAirGroup dominates another week in Swiss business

This content was published on Mar 9, 2001 Shortly after the Zurich stock market closed on Friday, SAirGroup announced its board would be stepping down in two phases over the next year. Five board members will leave next month – and the rest, with one exception, will make way for replacements in one year’s time. The company said it was part of a…

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.…

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Genetically modified organisms found in biological animal feed

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Nestlé official touted as likely successor to SAirGroup boss

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SAirGroup board closes ranks

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SAirGroup dominates another week in Swiss business

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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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