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Clariant announces job cuts despite strong sales

This content was published on Mar 20, 2001 The company, based near Basel, said 2001 had got off to a “weak start” but added that business should develop at a “dynamic pace” this year. In a statement on Tuesday, Clariant said it had achieved significant growth in 2000. Sales increased by 16 per cent over 1999 to reach SFr10.583 billion ($6.25 billion). However,…

Ticinese wine comes of age

This content was published on Mar 20, 2001 Ticino’s vineyards stretch across the sun-drenched valleys of Mendrisiotto, and the region, which yields some six million bottles a year, is traditionally known for its ruby-red Merlot. The canton has a long tradition of winemaking, but has yet to build an international reputation, like California’s Napa Valley. In the past two decades, though, a new…

Vodafone given green light to buy stake in Swisscom Mobile

This content was published on Mar 19, 2001 The shareholders approved the sell-off, which will cost the British phone giant SFr4.5 billion, at a meeting in Zurich. The Swiss government, which controls over 65 percent of Swisscom, has already given the move the green light. The deal is due to be finalised in November. It will give Swisscom access to third generation mobile…

Slow start to year for Syngenta

This content was published on Mar 19, 2001 The Swiss-based group was formed in November from the merger of the agribusinesses of Switzerland’s Novartis and Britain’s AstraZeneca. Shares on the Swiss stock exchange dropped 4.5 per cent at one point in early trading on Monday after the disappointing sales announcement was made. However, prices rallied later in the day. Pre-tax earnings for 2000…

Swiss firms in running to buy DuPont’s drug arm

This content was published on Mar 19, 2001 Britain’s Financial Times newspaper said on Monday that a deal would be a rare opportunity for a European firm to acquire a strong position in the US at a reasonable price of less than $10 billion (SFr17 billion). According to the paper three companies – Bayer of Germany, Switzerland’s Novartis and Anglo-American group GlaxoSmithKline –…

New boss promises clean sweep at SAirGroup

This content was published on Mar 19, 2001 “One thing is clear, we cannot tolerate these kind of losses,” said Mario Corti, in an interview with the French-language Swiss television programme “Droite de Cité”. His comments come after he was appointed to the helm of SAirGroup last Friday. The company is struggling to turn itself around amid a failed expansion strategy, which has…

Another Swiss economic upturn expected around mid-2001

This content was published on Mar 19, 2001 Economic growth in Switzerland began to slow in the second half of last year in line with global developments. However, the slowdown should be short-lived, coming to an end by mid-2001, Visani told swissinfo. Last year was a good one for the Swiss economy: Gross Domestic Product (GDP) growth reached three per cent, unemployment fell…

Two thousand jobs may be axed at Swissair

This content was published on Mar 19, 2001 The paper says that the job cuts, which amount to around a quarter of the airline’s workforce, could be a consequence of a restructuring programme at SAirGroup. It estimates that in a worst-case scenario, Swissair will be forced to shed 2,268 jobs. SAirGroup is estimated to have lost as much as SFr2.5 billion in the…

Top Swiss banking official says stock market crisis has peaked

This content was published on Mar 18, 2001 “I have a feeling the worst is now behind us,” said Roth in an interview with the Swiss German newspaper, the “SonntagsZeitung”. But Switzerland’s most senior banking official also made it clear that the global economy still needed time to recover. Roth singled out Japan’s economy as being of particular concern: “The economic situation in…

New SAirGroup chairman gives himself five years to rebuild Swissair

This content was published on Mar 17, 2001 In an interview on Swiss radio, Corti said his task as chairman was to create “for the Swiss people a Swissair of which they can be proud,” but cautioned he would need at least five years to achieve this. Corti did not mention the word SAirGroup once in the interview, referring to the company simply…

Internal: Archive

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Internal: Archive

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Clariant announces job cuts despite strong sales

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Ticinese wine comes of age

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Vodafone given green light to buy stake in Swisscom Mobile

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Slow start to year for Syngenta

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Swiss firms in running to buy DuPont’s drug arm

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New boss promises clean sweep at SAirGroup

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Another Swiss economic upturn expected around mid-2001

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Two thousand jobs may be axed at Swissair

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Top Swiss banking official says stock market crisis has peaked

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New SAirGroup chairman gives himself five years to rebuild Swissair

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