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French airlines to cut 1,300 jobs

This content was published on May 21, 2001 The airlines, which are jointly controlled by the Swissair Group and France’s Marine Wendel, have around 5,000 employees in total. AOM/Air Liberté chief executive, Marc Rochet, was expected to announce details of the restructuring programme for the airlines on Monday. At the end of April, the owners agreed to keep the loss-making airlines solvent until…

Shareholders squash billion dollar property merger

This content was published on May 21, 2001 The deal would have created Switzerland’s biggest property group, but was rejected amid rumours of a higher counter-bid. FHH is all that remains of the Feldschlösschen-Hürlimann brewing group. It now consists of only a property business since Denmark’s Carlsberg bought the company’s soft drink and beer activities last July. FHH and fellow property concern Swiss…

Sulzer Medica faces massive bill over faulty hip implants

This content was published on May 21, 2001 Sulzer Medica’s shares closed almost 14 per cent down at SFr285 ($162.86), following the company’s announcement. The Winterthur-based firm had said in March its product liability insurance was adequate to cover costs associated with revision surgery. The company’s United States-based subsidiary, Sulzer Orthopedics, has reported that more than 1,700 revision surgeries, connected with the Inter-Op…

Profits fall at Credit Suisse

This content was published on May 21, 2001 However, the CS Group did see a slight increase in assets under management over the same period to SFr1.366 trillion. CS Group spokesman Andreas Hildenbrand told swissinfo that the fall in profits had to be seen against a record-breaking performance for the company last year. “The first quarter of 2000 was very favourable while the…

A summer of sitting around Zurich

This content was published on May 21, 2001 A blue and white tram sets off down Zurich’s Bahnhofstrasse. Emblazoned across the side is the slogan “I’m also a boat”, advertising the fact that tram tickets can also be used on Lake Zurich’s passenger ferries. The tram rumbles past dozens of benches of all shapes and sizes, including one with the words “I’m also…

Zurich’s Rolf Hüppi admits he made mistakes

This content was published on May 21, 2001 Shares in the group, which is Europe’s third largest insurance company, dropped sharply after the company shocked the markets by posting a 5.5 per cent slide in net profit to SFr3.63 billion ($2.1 billion) for 2000. “It’s not that we haven’t operationally or strategically done the right things,” Hüppi told swissinfo. “The mistake is we…

Switzerland signs up to global poverty action plan

This content was published on May 20, 2001 The 78-page action plan was adopted on Sunday at the end of a week-long international conference held in Brussels under the auspices of the United Nations. The plan calls on participating countries to tackle the issues of human rights, environmental protection and population growth. “This plan is a start,” announced Rubens Ricupero, secretary-general of the…

Tour group heavily criticised following cave rescue

This content was published on May 20, 2001 In a strongly worded critique, the Swiss newspaper, “dimanche.ch”, said that hundreds of rescuers had been working to “resolve the completely irresponsible behaviour” of the group of cavers. After an overnight stay in a nearby hospital and a final medical examination on Sunday, the group were declared fit and well and allowed to return home.…

Swiss rescued from cave after three day ordeal

This content was published on May 19, 2001 The dozens of rescue workers broke into applause as the eight Swiss – three women and five men – were brought to the surface. They were immediately taken to hospital across the border in Switzerland. Officials said they were weak and suffering from exhaustion but otherwise appeared to be in good health. They managed to…

Receding water levels mean end to Swiss cave drama near

This content was published on May 19, 2001 The seven students and their guide spent a third night in the cave, which is in the town of Goumois, close to the Swiss border. They are sheltering on a ledge. The cavers have been trapped underground since Wednesday night, after a flash flood sealed off the entrance to the cave. Divers located them on…

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French airlines to cut 1,300 jobs

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Shareholders squash billion dollar property merger

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Sulzer Medica faces massive bill over faulty hip implants

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Profits fall at Credit Suisse

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A summer of sitting around Zurich

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Zurich’s Rolf Hüppi admits he made mistakes

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Switzerland signs up to global poverty action plan

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Tour group heavily criticised following cave rescue

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Swiss rescued from cave after three day ordeal

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Receding water levels mean end to Swiss cave drama near

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