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Initiative launched on public sector profits

This content was published on Mar 6, 2012 Several consumer magazines have got together to launch a people’s initiative that would ensure that the large profits made by companies like the Federal Railways and Swisscom are reinvested, and would also align the salaries they pay with those paid to employees in the federal administration. The initiative was presented to the media in Bern…

Complaint against Nestlé over Colombian death

This content was published on Mar 6, 2012 Sinaltrainal and the Germany-based European Center for Constitutional and Human Rights (ECCHR), filed the charges against Nestlé and members of its senior management with the public prosecutor in the Swiss canton of Zug. The case concerns Luciano Romero, a former employee of the Nestlé subsidiary Cicolac, who was murdered by paramilitaries in 2005 in Valledupar…

Revised US tax deal gets green light

This content was published on Mar 5, 2012 On Monday the House followed the Senate in agreeing to revisions to the Swiss-US double taxation accord, which are also supported by the government. The revised accord allows for administrative assistance to be provided to the US in matters involving grouped requests for information, based on a suspicious “pattern of behaviour” by people or financial…

Women step up fight for equal pay

This content was published on Mar 5, 2012 Women still earn on average 18.4 per cent less than men doing exactly the same job despite the fact that the law on sex equality has been in force since 1981, and wage discrimination has been illegal for 15 years. Given this difference, the Business and Professional Women (BPW) group has calculated that women need…

Cross-border worker numbers on the rise

This content was published on Mar 5, 2012 According to figures released by the Federal Statistics Office on Monday, administrative employees (+71 per cent), unskilled labour (+67 per cent) and managers were the categories that grew the most during that period. Switzerland’s working population grew by 8.8 per cent to 4.732 million between 2006 and 2011. The majority of these cross-border workers are…

Glencore boosted by prices and demand

This content was published on Mar 5, 2012 The Swiss-based company benefited in 2011 from rising prices for key raw materials and steadily growing demand in developing countries. Glencore reported a profit of $3.8 billion for the full year 2010. The company said in a statement on Monday that income attributable to shareholders reached $4.05 billion last year. Glencore, which received a $10…

The last private bank in St Gallen

This content was published on Mar 4, 2012

Swiss farms embrace cheap tractors

This content was published on Mar 2, 2012 The Federal Statistics Office said on Friday that the number of farms in Switzerland slipped “well below” 60,000 last year, but that some 3,000 new tractors were put into circulation. It said some 134,000 tractors in total were now in use, a rise of ten per cent over the past 15 years. During the same…

Raiffeisen banks on growth for success

This content was published on Mar 2, 2012 The group, which consists of 328 cooperatively structured Raiffeisen banks, said on Friday that mortgage lending went up 7.5 per cent to SFr128.5 billion, while savings and investment deposits increased by 6 per cent. However, net profit declined from SFr672 million to SFr595 million, largely because of a SFr56.5 million depreciation of its stake in…

Swatch expects good times to last

This content was published on Mar 2, 2012 The watch industry as a whole has been one of the biggest success stories of the Swiss business landscape during the economic downturn, recording a 19 per cent increase in exports last year. In common with other watch makers, Swatch has benefitted from a pronounced surge for its products in Asia and other emerging markets.…

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Initiative launched on public sector profits

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Complaint against Nestlé over Colombian death

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Revised US tax deal gets green light

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Women step up fight for equal pay

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Cross-border worker numbers on the rise

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Glencore boosted by prices and demand

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The last private bank in St Gallen

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Swiss farms embrace cheap tractors

More

Raiffeisen banks on growth for success

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Swatch expects good times to last

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