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Funding for early retirement scheme reduced

This content was published on May 8, 2001 A parliamentary commission had proposed spending SFr718 million to help people with lower and medium-sized incomes to take early retirement. This would have lowered their pensions by between 8.4 and 14.3 per cent. In a tight ballot, decided on the casting vote of the House of Representatives speaker, Peter Hess, members of parliament preferred to…

Kudelski buys TicketCorner from UBS

This content was published on May 8, 2001 UBS said in a statement on Tuesday that all 150 staff of TicketCorner would maintain their jobs in the deal. No financial details of the transaction have been released. It said that TicketCorner was not part of the bank’s core business and the sale was in line with current strategy. The takeover by Kudelski will…

Sulzer product recall pushes sales down in US

This content was published on May 8, 2001 The company announced on Tuesday that net income rose by 10 per cent in the first quarter to SFr360 million ($207.02 million). It declined to give a profit forecast for 2001 as a whole, saying that the recall and the company’s separation from the Sulzer Corporation could “generate additional exceptional costs in future accounting periods”.…

Vontobel publishes inquiry details

This content was published on May 8, 2001 The total costs of y-o-u will be up to SFr250 million, the bank announced on Tuesday. An in-depth inquiry by the Vontobel Group’s auditors, Ernst and Young, listed a number of serious failings in their report. Last month, heads rolled at Vontobel, with the board of directors dismissing Jörg Fischer, the chief executive of Vontobel…

Government measure to raise contributions of self-employed rejected

This content was published on May 7, 2001 The measure was rejected by only four votes on the first day of a three-day special session of parlimanent, called to discuss possible changes to the old age pension scheme. The government said the change would have generated SFr63 million in public revenue. But representatives of the self-employed rejected the government’s argument that the current…

Recycling robots prove winning isn’t everything

This content was published on May 7, 2001 Fourteen rubbish-collecting robots battled it out for the recycling crown at the Federal Institute of Technology. Their task was to pick up 10 plastic bottles and 10 aluminium cans, scattered around a huge hall and deposit them in the appropriate bins The competition’s organiser, Roland Siegwart, from Lausanne’s Institute of Robotics said the biggest difficulty…

Novartis takes 20 per cent stake in rivals Roche

This content was published on May 7, 2001 At close of trading on Monday, Roche’s shares had increased by 5.7 per cent, to SFr152, while Novartis’ shares had gone up by 2.1 per cent, to just over SFr68. Novartis announced it would pay Swiss financier Martin Ebner’s BZ Group SFr151 per share for the 20 per cent stake. Novartis’ chairman and chief executive,…

Parliament tackles reform of the old age pension scheme

This content was published on May 7, 2001 The issue is expected to lead to charged debates in the House of Representatives. The main political parties differ widely in their opinion on government proposals to guarantee funding of the old age pension scheme and allowing people to take early retirement. The government wants to increase Value Added Tax and eventually raise the retirement…

Good start for Calida

This content was published on May 7, 2001 Supplying around a quarter of the nation’s underwear needs, the company revealed operating profit of SFr3.1 million ($1.8 million) over the first quarter of 2001, up more than 50 per cent. Sales also increased, climbing 11 per cent higher to SFr54 million in the first three months of the year. “Business is developing positively, but…

Telling the triangular story of Toblerone

This content was published on May 7, 2001 The exhibition provides an insightful look into the world of the Swiss chocolate industry and recreates the early 20th century in Bern when the Tobler factory was the most important employer in the city. Based on interviews, old newspaper clippings and early advertising films, the exhibition provides a glimpse of what life was like for…

Internal: Archive

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Funding for early retirement scheme reduced

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Kudelski buys TicketCorner from UBS

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Sulzer product recall pushes sales down in US

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Vontobel publishes inquiry details

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Government measure to raise contributions of self-employed rejected

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Recycling robots prove winning isn’t everything

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Novartis takes 20 per cent stake in rivals Roche

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Parliament tackles reform of the old age pension scheme

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Good start for Calida

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Telling the triangular story of Toblerone

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