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Switzerland rated highly as high-tech production centre

This content was published on Nov 24, 1999 Even though Switzerland is not a member of the European Union, the country is a top location for high-tech companies and clearly meets international expectations, according to a newly-released poll. More than two-thirds of the 300 automation, electronics and information technology companies questioned in the academic study particularly appreciate the professional skills and quality of…

A house to remember Einstein’s work in Switzerland

This content was published on Nov 23, 1999 One of Switzerland’s smallest museums is celebrating 20 years of paying homageto one of the biggest names in the world of physics. It is in the three-roomapartment where Albert Einstein spent two productive years working on — amongother things — his theory of relativity. The museum is so discreetly located in the old quarter of…

Swiss banks make second payment on Holocaust settlement

This content was published on Nov 23, 1999 (AP) — Switzerland’s two biggest banks on Tuesday paid a second instalment of last year’s $1.25 billion settlement with Holocaust survivors and their heirs, a bank official said. $333 million was paid into an escrow account in the United States, where it will be held and earn normal interest pending a final decision on how…

Survey finds retail salaries drop below subsistence level

This content was published on Nov 23, 1999 Autumn is the season when unions and employers in Switzerland try to thrash out new agreements on pay and conditions. In general, talking about wages and salaries is taboo in Swiss public life. But the retail sales and hotel and catering trade unions are now mounting a campaign to increase minimum salary levels. A recent…

Committee demands assurances for liberalised electricity market

This content was published on Nov 23, 1999 The House of Representatives Energy Committee generally approved government plans to liberalise the electricity market but demanded financial guarantees to soften the impact on economically weak hydroelectric plants. With 14 against 8 votes, the committee on Tuesday approved plans to complete a full deregulation of electricity production and sales six years after the new law…

Foreigners strongly represented in top, menial jobs

This content was published on Nov 23, 1999 Foreigners working in Switzerland tend to get either top or menial jobs, according to a new survey. There are also considerable differences in salaries, not only in comparison with the Swiss but also among the foreigners themselves. Just over 970,000 foreigners — two-thirds of the total number in Switzerland — have jobs according to the…

UBS reports nine-month profit doubled to $3.34 billion

This content was published on Nov 23, 1999 (AP) — Swiss banking giant UBS AG on Tuesday announced a net profit of SFr5.18 billion ($3.34 billion) for the first nine months of this year, nearly double the figure for the same period in 1998. Last year’s nine-month profits of SFr2.6 billion (then $1.88 billion) were affected by a net third-quarter loss of SFr911…

Swiss Post wins European award for online services

This content was published on Nov 22, 1999 The European Logistics Association has awarded its “Logistics Excellence” award to the Swiss Post for its online services and e-commerce solutions. The ELA’s jury unanimously selected the Swiss Post’s Informatics Platform E-Commerce project for the 1999 award, saying the platform presents an “attractive full-service package for internet trading.” Jury chairman Gérard Roux said during Monday’s…

Construction workers stage protests to push wage demands

This content was published on Nov 22, 1999 Thousands of construction workers across Switzerland staged a day of action on Monday to press their demands for higher pay to compensate for rising costs of living. A trade union official said the rallies and public protests in several cities and towns were intended to send a clear signal to employers that the unions were…

“Living with Death” in Geneva

This content was published on Nov 22, 1999

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