Cluster: Archive

SAir Group counting the cost of involvement in LTU

This content was published on Apr 9, 2000 The SAir Group is having to spend SFr115 million on overhauling the German air tours operator LTU, in which it has a 49.9 per cent stake.The Swiss air carrier company is obliged to pay for the restructuring costs due to a clause in the agreement signed with LTU in 1998. A spokesman for the SAir…

Energy minister expects huge job losses in electricity sector

This content was published on Apr 9, 2000 The Swiss energy minister, Moritz Leuenberger, has sounded the alarm bells for major job cuts in the electricity industry. He said at least 4.000 jobs were at risk, in an interview with the newspaper “Sonntagsblick”. Leuenberger told the paper, he predicts 20 to 30 per cent of existing jobs will be axed in the long…

Business Week

This content was published on Apr 8, 2000 The main mover on the market this week was the Swiss franc, which made good gains against the dollar and the euro. Its move followed comments by Swiss National Bank chief economist Georg Rich, who said the central bank was no longer trying to hold the franc stable against the euro. With the Swiss currency’s…

Steinegger elected to fourth term as Radical president

This content was published on Apr 8, 2000 Switzerland’s Radical Party has elected Franz Steinegger to a fourth term as party president. The decision came on the first day of a party conference in Pfäffikon, canton Schwyz. However, Steinegger told the 143 delegates present that he would step down after one or two years, to make way for somebody else to lead the…

Central bank says Swiss economy powering ahead

This content was published on Apr 8, 2000 The vice-president of the Swiss National Bank has said the Swiss economy is growing faster than most of those within European Monetary Union. Jean-Pierre Roth said that was the reason for the recent hike in interest rates. In an interview with the Le Temps newspaper, Roth said the tightening of fiscal policy would in no…

Campaign aims to make Swiss men healthier

This content was published on Apr 7, 2000 Men in Switzerland are living less healthy lives than women and dying earlier. The warning comes from the Berne-based Radix Foundation, which has launched a national campaign to try to improve men’s health. Radix says the average life expectancy for Swiss men is 74 years, which is seven years less than for women. Men are…

Switzerland heading towards full employment

This content was published on Apr 7, 2000 Unemployment has fallen to its lowest level since 1992. The economics ministry said the rate fell last month from 2.4 per cent in February to 2.3 per cent, with white-collar industry showing the biggest growth. The employment office in the ministry’s state secretariat said it now expects the average for this year to drop to…

Electricity liberalisation poses safety threat at nuclear plants

This content was published on Apr 6, 2000 The energy ministry has warned that the planned liberalisation of the country’s electricity market could lead to cost-cutting measures affecting nuclear safety. The office for nuclear security said it expected power suppliers to cut costs in order to become more competitive. At its annual meeting, the director of the office, Wolfgang Jeschki, said it would…

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…

Cluster: Archive

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SAir Group counting the cost of involvement in LTU

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Energy minister expects huge job losses in electricity sector

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Business Week

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Steinegger elected to fourth term as Radical president

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Central bank says Swiss economy powering ahead

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Campaign aims to make Swiss men healthier

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Switzerland heading towards full employment

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Electricity liberalisation poses safety threat at nuclear plants

More

Seasonal workers from ex-Yugoslavia granted annual permits

More

Saurer dips into the red

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