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UCB biotech expansion brightens pharma gloom

This content was published on Nov 14, 2011 Once operational in 2015, the huge new factory in Bulle will become UCB’s main production centre for Cimzia, used to treat rheumatoid arthritis. This positive news bucks a recent trend of job loss and restructuring announcements in the Swiss pharmaceutical sector. “This new unit will be one of the largest in Europe and when finished…

Swiss “eat too much salt”

This content was published on Nov 14, 2011 The study, published on Monday, was carried out as part of the health office’s Salt Strategy 2008-2012, which aims to reduce salt consumption and is being implemented as one aspect of the National Nutrition and Physical Activity Programme 2008-2012. Lausanne University Hospital asked some 1,500 people about their diets and tested them for hypertension. The…

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Julius Bär bank sheds jobs

This content was published on Nov 14, 2011 All sectors will be affected by the programme to be effective by the middle of next year, according to a company statement. The bank hopes to achieve cost reductions of SFr40 million ($44.4 million) annually. Julius Bär already implemented similar measures in February and June. The Zurich-based bank, which reported SFr166 billion assets under management…

Coop to introduce external controls on meat

This content was published on Nov 13, 2011 Coop boss Joos Sutter told the Sonntags Blick newspaper that from the beginning of next year an independent quality control company would make unannounced visits to the butcher’s sections of its supermarkets. The move is in response to revelations by a German-language consumer television programme, Kassensturz, that packaged meat past its use-by date was routinely…

Geneva plans futuristic brain and arts complex

This content was published on Nov 13, 2011 On Thursday the government presented a multi-million-franc project to regenerate the 11-hectare Jonction area, which will incorporate a new neuroscience-arts research complex, teaching facilities, accommodation and park. Geneva is keen to expand its extensive neuroscience hub by forming 20 research teams to study the influence of the arts and creative processes on the human brain.…

Demonstrators angered by Novartis job cuts

This content was published on Nov 12, 2011 Last month, the Basel-based pharmaceutical giant announced it would cut 2,000 jobs, with slightly more than half to be shed at operations in Switzerland. Demonstrators carried banners with slogans like, “a wounded region is ready to fight”. If Novartis goes ahead with the plan, more than 300 jobs would be lost at the Nyon plant,…

Richemont to create up to 2,000 Swiss jobs

This content was published on Nov 11, 2011 The Geneva-based group’s move, which is spread over two years, comes despite the continuing economic crisis in Europe and the strong Swiss franc. “We are hiring staff and we’re going to continue doing so,” said Richard Lepeu, Richemont’s deputy CEO, in a telephone conference on Friday. He added that qualified personnel were needed to respond…

Living in the eye of the financial storm

This content was published on Nov 11, 2011 The 21st Europe Forum, held in Lucerne this week, chose “ways out of the debt crisis” as this year’s theme. Taking place a few days after the G20 summit in Cannes, it couldn’t have been more topical. Harold James, an economic historian at Princeton, pointed out that from the Spanish and French kings of the…

Holcim accused of price fixing in Brazil

This content was published on Nov 11, 2011 The allegations were made upon publication of a report on Thursday, the result of five years of investigation into the matter. The report will now be handed over to the country’s competition authority. The companies concerned could be in line for fines the equivalent of 30 per cent of gross turnover for 2005, the year…

Job cuts prompt economic soul-searching

This content was published on Nov 11, 2011 The government expects to start dipping into its SFr500 million ($550 million) unemployment benefit fund by the end of the year. Meanwhile, export businesses and trade unions are pressuring the central bank to again intervene against the strong Swiss franc – a move economists say would be a big mistake. Since September, barely a week…

Internal: Archive

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UCB biotech expansion brightens pharma gloom

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Swiss “eat too much salt”

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Julius Bär bank sheds jobs

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Coop to introduce external controls on meat

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Geneva plans futuristic brain and arts complex

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Demonstrators angered by Novartis job cuts

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Richemont to create up to 2,000 Swiss jobs

More

Living in the eye of the financial storm

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Holcim accused of price fixing in Brazil

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Job cuts prompt economic soul-searching

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