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Further jobs threatened as machinery orders plunge

This content was published on Nov 27, 2001 The industries’ umbrella organisation, Swissmem, said on Tuesday that it was only thanks to a “comfortable backlog” of orders that sales and exports had not been affected by the downturn. The results were released after a survey in which 180 member companies of Swissmem took part. Commenting on the decline, Swissmem director, Thomas Daum, told…

Richest Swiss become a little poorer

This content was published on Nov 27, 2001 The annual list from the economics magazine, Bilanz, shows the 300 richest Swiss residents still have around SFr390 billion between them, even though the crash in the new economy sector and the downturn in the wider economy have hit their investments. The richest of them all is Serono chief, Ernesto Bertarelli, whose fortune is estimated…

Gotthard tunnel repair estimated at SFr11 million

This content was published on Nov 27, 2001 The Uri government hopes to reopen the tunnel to cars, delivery vehicles and buses before the Christmas holidays. Trucks, on the other hand, will have to transit via other routes until new safety measures are taken in the tunnel, and the risks reduced. These will include cargo traffic control and making structural changes to the…

Crossair to aid families of crash victims

This content was published on Nov 27, 2001 Survivors will also receive the sum, Dosé said. The airline will pay additional compensation over the coming weeks, according to applicable laws, and damages submitted for each passenger. “We are continuing to do everything humanly possible to support the victims of this catastrophe,” Dosé said. Crossair flight LX3597 was attempting a landing in poor weather…

Crossair announces compensation plan

This content was published on Nov 27, 2001 Crossair chief, André Dosé, announced on Monday the airline would pay SFr30,000 to relatives and survivors of the crash of Crossair flight LX3597 from Berlin to Zurich. “We want to act quickly and unbureaucratically,” he said. The payment is supposed to cover immediate expenses such as recovery efforts, repatriation and funeral costs. Crossair will make…

Ticino tries to avoid isolation after tunnel fire

This content was published on Nov 26, 2001 The region depends on the tunnel to export its produce to the north, and to bring in necessary goods that are not produced locally. Furthermore 75 per cent of tourists to Ticino come from German speaking Switzerland or from Germany; and their journey south to the lakes and palm trees of Ticino normally takes them…

Onion market draws thousands

This content was published on Nov 26, 2001 The historic event, which, according to local legend, dates from 1405, is held annually on the fourth Monday of November and kicks off at dawn. This year around 54 tons of onions made it to market, many of them destined to end up in soups and garlands. There were also, of course, the ubiquitous onion…

Swiss firms urged to find new partners

This content was published on Nov 26, 2001 The survey says Swiss firms must forge new partnerships if they don’t want to lag being their international competitors. Some 1200 managers from all sectors worldwide took part in the survey, and 69 per cent said they planned to strengthen their business alliances. More than half said business partnerships were highly significant for their company,…

Crash complicates airline re-launch

This content was published on Nov 26, 2001 Although the initial focus of Crossair managers will be on the human cost of the accident that occurred late on Saturday, they will be acutely aware of how their response will affect the future viability of the airline. The initial reaction of the markets was not encouraging: Crossair’s shares opened 11 per cent lower at…

Gotthard tunnel set to reopen for Christmas

This content was published on Nov 26, 2001 The timetable for re-opening the tunnel – Switzerland main-north south axis – was unveiled in Bellinzona by the Ticino cantonal minister for public works, Marco Borradori. The tunnel was closed on October 24 after a collision between two trucks sparked an inferno, killing 11 people and causing major structural damage to the roof. Borradori said…

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