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Gretag Imaging cuts 50 jobs

This content was published on Feb 14, 2001 The announcement, on Wednesday, came after a company spokesman acknowledged media reports that the company is facing liquidity problems. “Gretag has a slightly tight liquidity situation but it is not dramatic,” said Thomas Harder. The group has had to drastically revise growth forecasts recently and investment outlays have also weighed on the company. In addition,…

Government seeks to restore confidence in Swiss beef

This content was published on Feb 14, 2001 The economics minister, Pascal Couchepin, said on Wednesday that loss of consumer confidence had led to a 30 per cent drop in revenue for beef farmers. He said the government had decided to invest up to SFr2 million ($1.2 million) in a campaign to improve the public perception of beef and increase awareness of the…

A tough act to follow – St Moritz prepares for 2003

This content was published on Feb 14, 2001 Nearly 100 members of the St Moritz organising committee have returned from the St Anton championships with notepads full of lessons learned during the fortnight in Austria. Many of those who attended the St Anton championships might think that the Swiss resort will have a difficult time following on from such a generally successful tournament.…

Swiss find minute traces of plutonium in Balkan weapons

This content was published on Feb 14, 2001 The radio said the findings of the laboratory in Spiez confirmed the results of a separate German investigation, which found no traces of highly toxic plutonium in Nato ammunition used during the Balkan conflicts. “It is already clear that only extremely small – if any – traces of plutonium were found in the shells and…

Government agrees framework budget for 2002

This content was published on Feb 14, 2001 The GDP forecast is higher than the 1.6 per cent predicted by the Swiss National Bank in December but below the two per cent forecast made by the Organisation for Economic Cooperation and Development. The details of the 2002 budget are due to be published in April. The Finance Ministry also said it was pleased…

Sulzer sued in US over faulty hip replacements

This content was published on Feb 14, 2001 Sulzer sued in US over faulty hip replacements The Swiss company, Sulzer Medica, is being sued in the United States over faulty hip implants. In a suit filed in California, lawyers accuse the company of failing to warn up to 17,500 patients about the dangers of its hip-replacement shells. The plaintiffs argued that Sulzer Medica,…

Government wants better protection for small savers

This content was published on Feb 14, 2001 Under the proposed legislation, people with savings of up to SFr5,000 ($3,000) would be reimbursed as quickly as possible in case an institution failed. Those with deposits of up to SFr30,000 should receive their money within three months. The government also wants the Federal Banking Commission to approve an obligatory guarantee of reimbursement. The proposed…

Swiss sweet tooth sends chocolate sales soaring

This content was published on Feb 14, 2001 The industry’s association, Chocosuisse, said on Wednesday that total sales volume for Switzerland’s 17 chocolate factories reached a record level of 138,373 tonnes last year. However, pressure on prices meant that turnover for the year rose by only 0.3 per cent. Domestic brands are also successfully defending their market share against imports, which accounted for…

Roche launches search for new schizophrenia treatment

This content was published on Feb 14, 2001 The two companies are also to collaborate to create new drugs for the treatment of a disease which causes the narrowing of the arteries. Decode has identified genes linked to both illnesses. Roche pays Decode for its gene discoveries and has the rights to develop the company’s findings into diagnostic products and medicines. Decode has…

Shares dive at ABB after 2000 results

This content was published on Feb 14, 2001 In the past 12 months ABB’s shares have fallen some 21 per cent, under-performing the broader Swiss market by 30 per cent. Its rivals, such as United States groups, General Electric and Ingersoll Rand, have done much better – their shares have improved between two to three per cent over the same period. Dealers were…

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Gretag Imaging cuts 50 jobs

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Government seeks to restore confidence in Swiss beef

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A tough act to follow – St Moritz prepares for 2003

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Swiss find minute traces of plutonium in Balkan weapons

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Government agrees framework budget for 2002

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Sulzer sued in US over faulty hip replacements

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Government wants better protection for small savers

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Swiss sweet tooth sends chocolate sales soaring

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Roche launches search for new schizophrenia treatment

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Shares dive at ABB after 2000 results

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