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Axe set to fall on jobs at Winterthur

This content was published on Sep 7, 2006 It is anticipated that 250 posts will be slashed at Winterthur’s head office north of Zurich, the insurer announced on Thursday. Wintherthur, which was previously part of the Credit Suisse Group, was sold to AXA in June this year for SFr12.3 billion ($9.96 billion) in cash. “As a result of the sale, it is anticipated…

Gotthard rail tunnel begins to take shape

This content was published on Sep 6, 2006 The 57km-long tunnel on the main north-south transalpine route is part of a major upgrade of Swiss rail transit infrastructure and is due to open for traffic in 2016. The breakthrough in the tunnel section between Faido and Bodio on Wednesday came after four years of work. The giant boring machine reached its target with…

Fighting poverty through solidarity

This content was published on Sep 6, 2006 But the non-governmental organisation says it will not be resting on its laurels, as poverty is still as prevalent today as when it was founded in 1936. Created by the centre-left Social Democrat Party and the trade unions, SLA was formed during a period of economic downturn and high unemployment in Switzerland. One of its…

Geneva banks expand on changing fortunes

This content was published on Sep 6, 2006 The canton’s 140 banks now employ more than 18,000 staff, reflecting the increased demand for asset management as a result of a buoyant global economy and higher commodity prices. “We are certainly benefiting from a positive environment within our traditional corresponding countries, whether in Europe, North or Latin America, the Middle East and the expansion…

Watchmaking industry fears labour shortage

This content was published on Sep 6, 2006 According to an industry survey, more than 2,000 additional workers will be needed to meet a rise in demand triggered by the luxury watch segment and a general economic upturn. François Matile of the industry’s employers’ association said fully-trained watchmakers, technicians and other specialists were in short supply. He said the industry would also be…

swiss drive towards freight success

This content was published on Sep 6, 2006 For the vice president of Spedlogswiss, the national association of freight forwarders, the importance of the forwarding and logistics industry is underestimated. The major service industries for which Switzerland has a worldwide reputation not only include banking, insurance and the hotel business, but also freight forwarding and logistics. Few people realise that the forwarding and…

A big future for the nano world

This content was published on Sep 5, 2006 For Swiss businesses keen to tap into its “unlimited innovation potential”, the importance of partnerships with universities carrying out research into nanoscience is seen as crucial. A conference on Monday hosted by the Federal Institute of Technology in Zurich threw light on the latest developments in “one of the key technologies of the 21st century”.…

Unia pushes for strengthening of SMEs

This content was published on Sep 5, 2006 In its first economic policy paper, the organisation targets overpriced imports of raw materials and energy prices, and warns companies against cutting salaries in a bid to remain competitive. Unia co-president Renzo Ambrosetti said SMEs provided two-thirds of the country’s jobs but were often neglected by politicians and economic experts. He said some sectors offered…

Bourse scraps blue-chip trading charges

This content was published on Sep 5, 2006 SWX described the move as a gesture of goodwill, but experts put it down to competition fears and the disappointing performance of the virt-x electronic trading platform, part of the SWX Group in London. The Swiss bourse estimates members will benefit to the tune of SFr13 million ($10.5 million) when a freeze on fees relating…

Campaign offers parents a helping hand

This content was published on Sep 5, 2006 The Swiss Federation for Parent Education wants to raise awareness among mothers and fathers that parenting skills are not innate, but must be learnt. The campaign, “Strength through education”, wants to combat the misconception that children who turn to vandalism, violence, crime or drugs do so because their parents’ marriage is in crisis. The federation…

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Axe set to fall on jobs at Winterthur

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Gotthard rail tunnel begins to take shape

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Fighting poverty through solidarity

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Geneva banks expand on changing fortunes

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Watchmaking industry fears labour shortage

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swiss drive towards freight success

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A big future for the nano world

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Unia pushes for strengthening of SMEs

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Bourse scraps blue-chip trading charges

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Campaign offers parents a helping hand

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