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Swiss get first university rankings

This content was published on Nov 3, 2001 They may be unofficial and they may be far from complete, but the rankings drawn up by the new company “swissUp” of 12 higher education establishments in Switzerland are the first time they have been able to compare their overall performance alongside that of their competitors. Some vice-chancellors are happier about this than others. The…

Rescue for Swissair subsidiaries

This content was published on Nov 3, 2001 SR Technics, Atraxis and Swissport, which have been in financial dire straits since the collapse of the national flag carrier, will receive funds as part of the SFr1 billion provided by the government under a SFr4.24 billion rescue package for Swissair. Peter Siegenthaler, director of the Swiss finance ministry, said on Friday he would transfer…

Crisis talks continue on Swissair

This content was published on Nov 2, 2001 However, it warned on Friday that there were still not sufficient guarantees of a solution for the government to release vital cash aid to the ailing former flag carrier. Finance Ministry spokesman, Dieter Leutwyler, said the rump operations of Swissair would not be able to stay airborne for much longer without state aid. “We have…

Wages set to rise despite economic downturn

This content was published on Nov 2, 2001 Wage negotiations at some of Switzerland’s larger companies, including telecommunications operator Swisscom, healthcare giant Roche and retailer Migros, have already resulted in salary increases of between three and four per cent. However, Switzerland’s largest bank, UBS, published a study this week which is more conservative in its outlook. A survey among firms representing 55 per…

Traffic limited on San Bernardino route

This content was published on Nov 2, 2001 The route is carrying much of the traffic that would have used the Gotthard tunnel before its closure last week. Collisions resulting from the heavy traffic have forced the closure of the San Bernadino route twice since a devastating fire gutted the southern end of the Gotthard tunnel – Switzerland’s main north-south axis – on…

Sulzer confident of hitting target

This content was published on Nov 2, 2001 “Our expectations for the current year are fully intact,” chief executive Fred Kindle said in an interview with Swiss newspaper “Der Landbote”. “For the second half, we expect another improvement of operating results in the core business.” He reiterated that Sulzer’s performance would depend in part of the state of the global economy, but said…

Novartis revamps structure of board

This content was published on Nov 2, 2001 Novartis will now have four permanent committees reporting to the board, with each having clear lines of responsibility. The chairman and chief executive, Daniel Vasella, said the move would define “specific responsibilities of our board members and further fulfil out commitment to best practice in global corporate governance in the interests of our shareholders”. The…

Prudential strikes deal with Winterthur

This content was published on Nov 2, 2001 The announcement from Prudential on Friday came as part of the British group’s shake-up of its domestic operations. Under the deal with Winterthur, Prudential will transfer its British general insurance business to Winterthur and the Churchill Group, its British subsidiary. A report in the Financial Times on Thursday said Winterthur had beaten rival bids from…

Crossair makes room for Swissair colleagues

This content was published on Nov 1, 2001 Announcing the new structure on Thursday, Crossair said it would appoint an additional 42 managers, and roughly half of these positions would be filled by Swissair people. Crossair’s boss, André Dosé, who will remain in charge of the new airline, told swissinfo that the process of integrating the two carriers was already in motion with…

New jobs crucial for faltering economy, Annan says

This content was published on Nov 1, 2001 “The impact of September 11 is now reverberating around the world,” Annan told the Global Employment Forum on Thursday. The economic impact of the terrorist attacks has meant the loss of countless jobs, and a heavy financial toll. “Nobody can forecast with precision the economic and social consequences, but we already know that poor economies…

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Swiss get first university rankings

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Rescue for Swissair subsidiaries

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Crisis talks continue on Swissair

More

Wages set to rise despite economic downturn

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Traffic limited on San Bernardino route

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Sulzer confident of hitting target

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Novartis revamps structure of board

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Prudential strikes deal with Winterthur

More

Crossair makes room for Swissair colleagues

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New jobs crucial for faltering economy, Annan says

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