Internal: Archive

Sulzer sells textile division to Italian group

This content was published on Jul 27, 2001 Under the terms of the contract, all Sulzer Textil business will be transferred to Promatech, which will keep the 1,850 Sulzer Textil staff under their current employment contracts. No financial details of the transaction have been released. The move, subject to approval by the regulatory authorities, will make Promatech and Sulzer Textil the market leader…

Scouts gather in Interlaken for giant jamboree

This content was published on Jul 26, 2001 “eurolife.01” is dedicated to teaching youngsters to be responsible “world citizens”, and to fostering tolerance and respect towards others through a series of workshops, discussion groups and outdoor activities. “I think a great element of such an international event is that the participants have to learn that there are different cultures and that perhaps their…

Blast brings back memories of Schweizerhalle disaster

This content was published on Jul 26, 2001 The explosion took place in the early hours of Thursday morning. No one was injured, although 21 firefighters suffered from the effects of inhaling poisonous chemicals and acid burns. The company said the blast had released some chemicals but that they were not acutely toxic, and posed no danger. Nevertheless, residents were told to keep…

Serbian kids let off steam in Grindelwald

This content was published on Jul 26, 2001 Their two-week stay is being funded by a Swiss foundation, Swiss Cor, which receives donations from Swiss businesses. The young people will take part in excursions, sports and outdoor games, all part of a hectic two-week schedule designed to take their minds off the traumas in their native country. The activities include trips to the…

Adecco figures please the markets

This content was published on Jul 26, 2001 The Lausanne-based company said its operating income for the first six months of the year increased 21 per cent to SFr617 million ($358 million). Sales were up 15 per cent to SFr13.8 billion compared with an increase of 37 per cent in the first quarter. Although revenue growth slowed, the figures were better than the…

UBS warns of big losses on private equity

This content was published on Jul 26, 2001 The bank said the decline in share values and the thin market in initial public offerings would weigh on earnings. For the second, third and fourth quarters of the current year, the bank said pre-tax losses would total SFr350 million to SFr400 ($204 million to $233 million). It added that most of the losses would…

Delco Remy and Hitachi unite to produce automotive parts in Switzerland

This content was published on Jul 26, 2001 The venture, called Hitachi Remy Automotive, will be based in the Swiss town of Zug, and will serve the European and North American markets. The companies said they would share their starter/alternator technologies and jointly introduce products to the global market through their existing worldwide manufacturing operations and sales organizations. Yoshiaki Honda, of Hitachi, has…

Swiss railway ambitions in Britain hit by new licensing changes

This content was published on Jul 25, 2001 The Swiss Federal Railways declared last September that it wanted to operate concessions – together with two British partners – on three separate rail lines for a maximum of 20 years, starting as early as 2003. However Stephen Byers, the British transport minister, has proposed that the Strategic Railway Authority (SRA) should no longer grant…

Bankruptcy triggers job losses in Basel

This content was published on Jul 25, 2001 The bankruptcy was confirmed by Basel’s insolvency office on Wednesday. The company, founded in 1982, has accumulated debts of SFr57 million ($33.7 million). Some 110 workers in Basel will lose their jobs, along with 40 others at a Zurich subsidiary. Dettwiler’s main creditors include Switzerland’s Credit Suisse bank and Germany’s Hypovereinsbank. They hold a SFr32…

Study highlights growing gulf between Swiss language regions

This content was published on Jul 25, 2001 The most significant finding is that, over the past 10 years, the two language communities have become increasingly polarised, with francophone areas moving to the left and German ones to the right. The shift has been so dramatic that it has now reached the point where the political complexion of the most conservative French-speaking cantons…

Internal: Archive

Popular Stories

Most Discussed

Internal: Archive

More

Sulzer sells textile division to Italian group

More

Scouts gather in Interlaken for giant jamboree

More

Blast brings back memories of Schweizerhalle disaster

More

Serbian kids let off steam in Grindelwald

More

Adecco figures please the markets

More

UBS warns of big losses on private equity

More

Delco Remy and Hitachi unite to produce automotive parts in Switzerland

More

Swiss railway ambitions in Britain hit by new licensing changes

More

Bankruptcy triggers job losses in Basel

More

Study highlights growing gulf between Swiss language regions

Popular Stories

Most Discussed