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Credit Suisse unit strengthens position in Britain

This content was published on Oct 15, 2001 The deal, subject to regulatory approval, will increase Credit Suisse Asset Management’s funds under management by SFr25.9 billion ($15.96 billion). The transaction includes a property investment business worth SFr1.9 billion. Under the terms of the deal, the SLC name will be phased out and the existing business will be re-branded as Credit Suisse Asset Management.…

Saurer cuts workforce

This content was published on Oct 15, 2001 The company’s net earnings for the first eight months of the year fell to SFr22.4 million compared with SFr25.7 million for the same period the previous year. Saurer said it expected to post a significant loss for the last four months of the year and that there was even a risk of a full-year loss.…

Crossair boss looking to minimise job cuts

This content was published on Oct 15, 2001 Dosé, speaking after a meeting of the Swiss government’s task force on Swissair on Sunday, said this plan would guarantee a continuity of European routes operated by the national airline after the end of the month. The scenario would involve cutting 14 per cent of Swissair Group’s workforce, or approximately 9,400 people in Switzerland and…

Task force lays out plans for direction of new Swiss airline

This content was published on Oct 15, 2001 Crossair boss, André Dosé, whose airline is supposed to take over part of Swissair’s fleet on October 28, said no final decision had been taken by the taskforce. But at a press conference following the meeting, Dosé said the preferred scenario would be for Crossair to take over 26 short-haul and an equal number of…

Helicopter crash investigators ponder cause of accident

This content was published on Oct 14, 2001 The investigative team has launched an enquiry in a bid to establish why the helicopter collided with the cable. The possibility of pilot error or mechanical failure has not been excluded. The Alouette III had left Sion aerodrome at around 1:45pm on Friday. Local police said the accident happened near Mount Bovin, about 500 metres…

Economists say crisis pushes economy towards recession

This content was published on Oct 14, 2001 Even before last month’s events, growth forecasts for both the developed and developing world had been revised sharply downwards. Now, the International Monetary Fund says the slowdown could be even worse than expected. “There is no doubt that the attack is having a negative effect on activity now in many regions of the globe and…

Virtual post office: not so far away

This content was published on Oct 14, 2001 Post-Expo brings together all the big national postal operators, consultants and major suppliers like Siemens and IBM. One can still find stands showing the latest in sorting machines and postal vehicles, but the majority of displays reflect how deeply information technology has penetrated the sector. “Every post office is having to examine the way it…

Blue chip results likely to be overshadowed by Swissair trauma

This content was published on Oct 14, 2001 Switzerland’s biggest corporate collapse will continue to grab the headlines as the government, banks, trade unions and the regional carrier Crossair, work on a salvage plan for the collapsed airline. The Swissair Group was brought to its knees by the combined effects of heavy debts, because of an over-ambitious and failed foreign expansion drive, and…

Apollo samples reveal moon’s secrets

This content was published on Oct 13, 2001 A new study by the Federal Institute of Technology in Zurich has confirmed that the moon and the earth have the same concentrations of different types of oxygen. The finding is consistent with the giant impact theory of the moon’s formation. “The object from which the moon came, which is thought to be a planet…

Swissair debacle affects Swiss image abroad

This content was published on Oct 13, 2001 In an interview with the Swiss newspaper, “TagesAnzeiger”, Hösly said it was above all “the suspension of Swissair flights which has done damage to Switzerland’s image overseas”. Hösly, who heads Osec Business Network Switzerland, which is charged with providing trade services to companies worldwide interested in doing business with Switzerland, said the principle of discretion…

Internal: Archive

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Credit Suisse unit strengthens position in Britain

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Saurer cuts workforce

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Crossair boss looking to minimise job cuts

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Task force lays out plans for direction of new Swiss airline

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Helicopter crash investigators ponder cause of accident

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Economists say crisis pushes economy towards recession

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Virtual post office: not so far away

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Blue chip results likely to be overshadowed by Swissair trauma

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Apollo samples reveal moon’s secrets

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Swissair debacle affects Swiss image abroad

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