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Swiss tenants cries foul

This content was published on Dec 23, 1999 The Tenant’s Association on Thursday called on the Swiss to challenge higher rents next year, saying landlords had pocketed billions of Swiss francs in the last ten years by not lowering rents when mortgage rates were cut. The association said that, based on its own investigations, tenants paid SFr18.8 billion ($11.8 billion) more to their…

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Swissair partner to open subsidiary in California

This content was published on Dec 23, 1999 (AP) — SR Technics, a subsidiary of Swissair parent SAirGroup, said on Thursday it will establish an aircraft maintenance, repair and overhaul operation in the United States, based in Palmdale, California. The Swiss firm and Boeing have signed a memorandum of understanding for SR Technics to buy a hangar facility at Palmdale, SAirGroup said in…

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German rail group under fire over job cuts in Switzerland

This content was published on Dec 23, 1999

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Swisscom to modernise nationwide network

This content was published on Dec 23, 1999 Switzerland’s largest telecommunications company, Swisscom, said on Thursday that it plans to modernise the nationwide telecommunications network in cooperation with Siemens of Germany and United States-based Cisco Systems. Siemens and Cisco will start work as soon as January 2000. Swisscom said it wanted to modernise its network and continue the development of a packet-switched network…

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Mobile phones are top Christmas sellers

This content was published on Dec 22, 1999 Telecommunication gadgets such as mobile phones are among this year’s top sellers in Switzerland, where consumer confidence is up and people are again spending more on Christmas presents and the big millennium parties. “I get the impression that everybody wants to walk around with two cell phones,” says Thierry Rueff, merchandising chief at Manor department…

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Women still earn 20 percent less than men

This content was published on Dec 21, 1999 The difference in salaries for men and women working in Switzerland has been steadily decreasing in the past years, but women still earn about 20 percent less than men, the authorities said on Tuesday. New data released by the Federal Statistics Office show that the average monthly salary for men was SFr5,466 ($3,459) and SFr4,291($2,716)…

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Wage dispute in construction industry close to settlement

This content was published on Dec 21, 1999 After six months of warning strikes and street protests by construction industry workers, the threat of an all-out strike appears to have been averted after employers and union representatives reached agreement on a new general contract. Members of the two major construction industry unions GBI and Syna are expected to pass their verdict by Thursday,…

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Thirteen major companies form think tank

This content was published on Dec 21, 1999

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Oerlikon-Bührle to Acquire Plasma-Therm

This content was published on Dec 21, 1999 Swiss-based Oerlikon-Bührle Holding, a high-technology corporation traded on the Swiss stock exchange, and Plasma-Therm, a leading producer of plasma process equipment, announced on Tuesday they have entered into a definitive agreement to acquire Plasma- Therm through a cash tender offer. The tender offer will begin within five business days at a price of $12.50 per…

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Turkey softens stance on Swiss-backed dam project

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Swiss tenants cries foul

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Swissair partner to open subsidiary in California

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German rail group under fire over job cuts in Switzerland

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Swisscom to modernise nationwide network

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Mobile phones are top Christmas sellers

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Women still earn 20 percent less than men

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Wage dispute in construction industry close to settlement

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Thirteen major companies form think tank

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Oerlikon-Bührle to Acquire Plasma-Therm

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