Internal: Archive

Adecco performs well in first quarter

This content was published on Apr 25, 2001 The results, which were in line with analysts’ forecasts, included figures for the United States-based group Olsten, which Adecco acquired last year. The acquisition significantly increased the importance of the North American market for Adecco, which itself was formed in 1996 from the merger of Switzerland’s Adia and the French company, Ecco. The group said…

SAirGroup faces stormy AGM

This content was published on Apr 25, 2001 The new chairman and chief executive, Mario Corti, is also expected to unveil further details at the meeting in Zurich of his plans to turn the company around. As many as 11,000 people are expected to attend the AGM, the largest in Swiss corporate history. The company, rarely out of the headlines since the beginning…

Switzerland loses ground in world competitiveness league

This content was published on Apr 24, 2001 The World Competitiveness Yearbook, released on Wednesday by Lausanne’s Institute for Management Development (IMD), shows that Switzerland has fallen from seventh to 10th spot. “The fact is that the rest of the world did just as well as we did and in a number of cases even better,” explains Professor Stephane Garelli, who is director…

Coop boosts turnover and market share

This content was published on Apr 24, 2001 Group restructuring costs and losses incurred by the Coop Bank during the real estate crisis of the 1990s contributed to the SFr198 million ($116 million) losses. The company’s turnover rose 4.3 per cent to SFr12.2 billion, a figure well above the industry average of two per cent. The market leader, Migros, saw its turnover increase…

ABB sales results disappoint analysts

This content was published on Apr 24, 2001 Sales increased just two per cent year on year to SFr9.15 billion ($5.38 billion), a figure short of market forecasts. New orders slipped five per cent to SFr11.54 billion. There was a six per cent increase in operating income but this too disappointed most analysts. The Swiss-Swedish group said, however, it expected to see much…

Bon Appétit sales steam ahead

This content was published on Apr 24, 2001 The company said on Tuesday that sales had been boosted by increased demand for prepared food for the retail sector and by the newly formed venture with US-based coffee firm, Starbucks. It said it had been able to increase its share of the market by gaining new customers in its wholesale supplies business while new…

SAirGroup faces strike action ahead of AGM

This content was published on Apr 24, 2001 Unions are also calling on their members to demonstrate against the restructuring plans in Geneva and Paris. “We are going to demonstrate in front of the banks which the SAirGroup is negotiating with to develop its restructuring plan,” said union leader, Eric Decarro. Decarro added that the personnel would not carry the burden for management…

SAirGroup AGM could become largest event in Swiss economic history

This content was published on Apr 24, 2001 A massive turnout could pose several logistics problems for the SAirGroup, which had initially planned 7,300 seats. Another 2,500 chairs are currently being placed in another hall, where the AGM will be projected on a large screen. The SAirGroup spokesman, Jean-Claude Donzel, fears traffic will be chaotic in Zurich. He has already recommended that shareholders…

Switzerland and Germany end aviation row

This content was published on Apr 23, 2001 Under the terms of the agreement, flights over southern Germany will be reduced by 35 per cent, from the current figure of 150,000 down to 100,000. Night flights over German territory between 2200 and 0600 will also be banned from September 1, and a reduction in flights on weekends and bank holidays is to be…

Honegger agrees terms with SAirGroup

This content was published on Apr 23, 2001 A statement issued by the Zurich-based airline conglomerate said Honegger had accepted the deal and agreed to forego any subsequent claims “in the interest of reaching a rapid and harmonious solution to this issue”. The announcement ends several days of speculation over the exact nature of Honegger’s contract with the company. Last week it was…

Internal: Archive

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Internal: Archive

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Adecco performs well in first quarter

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SAirGroup faces stormy AGM

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Switzerland loses ground in world competitiveness league

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Coop boosts turnover and market share

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ABB sales results disappoint analysts

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Bon Appétit sales steam ahead

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SAirGroup faces strike action ahead of AGM

More

SAirGroup AGM could become largest event in Swiss economic history

More

Switzerland and Germany end aviation row

More

Honegger agrees terms with SAirGroup

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