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Switzerland loses ground in world competitiveness league

This content was published on Apr 24, 2001 The World Competitiveness Yearbook, released on Wednesday by Lausanne’s Institute for Management Development (IMD), shows that Switzerland has fallen from seventh to 10th spot. “The fact is that the rest of the world did just as well as we did and in a number of cases even better,” explains Professor Stephane Garelli, who is director…

Coop boosts turnover and market share

This content was published on Apr 24, 2001 Group restructuring costs and losses incurred by the Coop Bank during the real estate crisis of the 1990s contributed to the SFr198 million ($116 million) losses. The company’s turnover rose 4.3 per cent to SFr12.2 billion, a figure well above the industry average of two per cent. The market leader, Migros, saw its turnover increase…

ABB sales results disappoint analysts

This content was published on Apr 24, 2001 Sales increased just two per cent year on year to SFr9.15 billion ($5.38 billion), a figure short of market forecasts. New orders slipped five per cent to SFr11.54 billion. There was a six per cent increase in operating income but this too disappointed most analysts. The Swiss-Swedish group said, however, it expected to see much…

Bon Appétit sales steam ahead

This content was published on Apr 24, 2001 The company said on Tuesday that sales had been boosted by increased demand for prepared food for the retail sector and by the newly formed venture with US-based coffee firm, Starbucks. It said it had been able to increase its share of the market by gaining new customers in its wholesale supplies business while new…

SAirGroup faces strike action ahead of AGM

This content was published on Apr 24, 2001 Unions are also calling on their members to demonstrate against the restructuring plans in Geneva and Paris. “We are going to demonstrate in front of the banks which the SAirGroup is negotiating with to develop its restructuring plan,” said union leader, Eric Decarro. Decarro added that the personnel would not carry the burden for management…

SAirGroup AGM could become largest event in Swiss economic history

This content was published on Apr 24, 2001 A massive turnout could pose several logistics problems for the SAirGroup, which had initially planned 7,300 seats. Another 2,500 chairs are currently being placed in another hall, where the AGM will be projected on a large screen. The SAirGroup spokesman, Jean-Claude Donzel, fears traffic will be chaotic in Zurich. He has already recommended that shareholders…

Switzerland and Germany end aviation row

This content was published on Apr 23, 2001 Under the terms of the agreement, flights over southern Germany will be reduced by 35 per cent, from the current figure of 150,000 down to 100,000. Night flights over German territory between 2200 and 0600 will also be banned from September 1, and a reduction in flights on weekends and bank holidays is to be…

Honegger agrees terms with SAirGroup

This content was published on Apr 23, 2001 A statement issued by the Zurich-based airline conglomerate said Honegger had accepted the deal and agreed to forego any subsequent claims “in the interest of reaching a rapid and harmonious solution to this issue”. The announcement ends several days of speculation over the exact nature of Honegger’s contract with the company. Last week it was…

Zurich pulls out all the stops to attract foreign investment

This content was published on Apr 23, 2001 Stephan Kux, who is in charge of the canton’s economic development and works in the canton’s economic ministry, has a three-fold task: he has to market Zurich as a brand name able to attract the world’s biggest companies; he has to take care of existing companies located in the canton such as Sulzer and Adtranz;…

Swiss seek to attract new business at Hanover Fair

This content was published on Apr 23, 2001 More than 190 Swiss exhibitors are taking part in the annual event, which showcases the latest technological developments and innovations. In addition, the country is being represented by a delegation from the State Secretariat for Economic Affairs (Seco). Executive board member, Barbara Rigassi, is leading the contingent, which was on Monday due give a presentation…

Internal: Archive

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