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Swisscom withdraws from satellite market

This content was published on Mar 28, 2000 Switzerland’s largest telecommunications operator, Swisscom, has announced it is to pull out of the satellite communication business, with the loss of 41 jobs. Swisscom cites rapid changes in telecommunications technology and markets for abandoning satellite communication at the end of 2001 via its own ground stations at Leuk (pictured), Zurich, Basel and Geneva. “International telecom…

Annual figures show Kuoni flying high

This content was published on Mar 28, 2000 Switzerland’s largest travel group, Kuoni, has reported recorded figures for 1999, with profit increasing by 13.7 per cent to reach SFr117.3 million. The group, which saw turnover grow more than 20 per cent to SFr3.5 million, says it is looking to the future with optimism because booking levels in key markets are all pointing up.…

Swiss unemployment heading downward, but not for all

This content was published on Mar 27, 2000 Unemployment in Switzerland is dropping, as the economy carries on growing. The country is working its way out of the recession which hit in the mid-1990s, and now has an unemployment rate of 2.4 per cent. This is one of the lowest figures in the industrialised world. However, many of those still without a job…

Industry enters strong growth period

This content was published on Mar 27, 2000 Swiss industry moved into top gear in the last quarter of 1999, with production and turnover increasing strongly. The Federal Office of Statistics in Neuchatel reports that production in the secondary sector, excluding the construction industry, rose by 8.2 per cent compared to the same period the previous year. Orders were up by 13 per…

Mikron forecasts surge in growth and earnings

This content was published on Mar 27, 2000 The Mikron Technology Group, which is based in Biel, has reported dynamic growth in its markets of mobile telephony, medical technology, electrical engineering and the automotive industry. Mikron announced that despite the abbreviated 11-month financial year 1999, it had met its 12-month net earnings target of SFr28 million. “Mikron expects an even faster rate of…

ABB, Investor and partners launch new venture group

This content was published on Mar 27, 2000 The Zurich-based international technology group Asea Brown Boveri (ABB) and Sweden’s largest holding company, Investor, have announced a major effort to promote business over the Internet. They have launched “b-business partners”, a new company with a capital base of more than €1 billion focused on business-to-business (B2B) e-commerce. A statement said that “b-business partners” would…

Swiss brewers turn their talents to whisky

This content was published on Mar 27, 2000 Swiss brewers have responded enthusiastically to the relaxation of laws banning the production of certain types of alcohol. Last year, the government lifted all restrictions, encouraging numerous producers to start brewing their own whisky. The laws prohibiting Swiss brewers from making whisky were lifted on July 1, 1999. That same day, Ernst Bader became the…

SGS returns to profit

This content was published on Mar 27, 2000 The world’s largest inspection and testing group, Société Générale de Surveillance (SGS) in Geneva, says it is back in the black after a disappointing 1998 result. Net profit increased from a loss of SFr289.7 million in 1998 to a profit of SFr316.5 million for 1999, including gains on business disposals of SFr202.9 million. “With a…

Construction workers vote to accept pay deal

This content was published on Mar 25, 2000 The Swiss construction workers’ union has voted to accept a compromise deal, officially ending a long- standing pay dispute in the country’s building industry. The endorsement came after the employer’s association gave the settlement its blessing on Wednesday. The negotiations were marked by a rare government intervention in a country where industrial disputes are themselves…

Adtranz workers shelve strike plans to pursue deal with management

This content was published on Mar 25, 2000 Threatened workers at the Swiss plants of the German rail-technology group, Adtranz, have voted not to stage a warning strike in favour of getting around the negotiating table with management. Union officials say seven out of ten workers who took part in a consultation would like to see a “constructive collaboration” between their representatives and…

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Swisscom withdraws from satellite market

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Annual figures show Kuoni flying high

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Swiss unemployment heading downward, but not for all

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Industry enters strong growth period

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Mikron forecasts surge in growth and earnings

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ABB, Investor and partners launch new venture group

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Swiss brewers turn their talents to whisky

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SGS returns to profit

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Construction workers vote to accept pay deal

More

Adtranz workers shelve strike plans to pursue deal with management

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