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SFr10 million for Mozambique victims

This content was published on Apr 5, 2000 The Swiss Broadcasting Corporation says it has raised SFr10 million for the victims of last month’s flooding in southern Africa. The Solidarity Chain, the fund-raising branch of the SBC, said the money was earmarked for projects run by Swiss aid organisations in Mozambique, Madagascar, and other parts of southern Africa. Humanitarian aid is now focussing…

Swiss cabinet urges Swisscom not to make redundancies

This content was published on Apr 5, 2000 The Swiss government has called on the country’s main telecommunications operator, Swisscom, to make as few redundancies as possible if its plans to cut a further 3,000 jobs between 2001 and 2003 are approved. It also says it expects Swisscom to find socially acceptable solutions for employees together with staff associations. The Confederation is the…

Media group Ringier announces record results

This content was published on Apr 5, 2000 Switzerland’s largest media group, Ringier, says 1999 was a record year, with turnover rising nearly six per cent to SFr947 million and net profit increasing by almost 44 per cent to SFr40.4 million. A statement from company headquarters in Zurich said all divisions posted more sales, but the parent company was the heaviest contributor, particularly…

Baxter investment triples the company workforce in Neuchâtel

This content was published on Apr 5, 2000 The United States pharmaceutical group, Baxter, is to create 300 more jobs at its plant in Neuchâtel over the next three years, investing a total of SFr210 million Swiss francs. The group announced in Brussels on Wednesday that it was making total investments of SFr660 million in its Hyland Immuno division at production sites in…

OBH looks to future as Unaxis

This content was published on Apr 4, 2000 The Oerlikon-Bührle group (OBH), which has been increasingly focusing its activities on high technology and has changed its structures radically, is back in the black and has a new name. At a news conference in Zurich, the group announced Tuesday it was changing its name to Unaxis. It will have three core divisions – information…

The Internet booms…but will it explode?

This content was published on Apr 4, 2000 Investors have proved once again this week that for the time being, the Internet is where money is to be made. Monday’s spectacular start for Day Interactive of Basel made the four men at the company helm paper multi-millionaires in minutes. However, questions are being asked whether the Internet bubble on the stock markets will…

Yellow giant aims for leading e-business role

This content was published on Apr 4, 2000 The Swiss Post has launched a major initiative for doing business via the Internet by founding a new subsidiary called “yellowworld”. With five partners, the Post intends to create 300 jobs and invest SFr200 million in the company by the year 2002. Under the trade name yellowgate.ch, the Post will offer an Internet portal for…

Swiss economics minister reiterates support for China’s entry into WTO

This content was published on Apr 4, 2000 Switzerland’s economics minister, Pascal Couchepin, has reiterated his support for China’s rapid accession to the World Trade Organisation. Speaking to the Swiss-Chinese Chamber of Commerce in Zurich, he said such a move would open the way for greater investment in China. “Including Hong Kong, Beijing is our second biggest commercial partner in Asia,” Couchepin said.…

Sweet result for chocolate maker

This content was published on Apr 4, 2000 The premium chocolates maker, Lindt & Sprüngli, says its profits rose 11 per cent last year. The company, which is based near Zurich, said its sales were also up seven per cent to SFr1.4 billion. However, analysts had been predicting a better result, forecasting a net profit of SFr73.2 million. They have become increasingly confident…

Schindler lifts profits

This content was published on Apr 3, 2000 The Swiss escalator and elevator company, Schindler, has posted 1999 net profits up six per cent at SFr238 million. Sales in 1999 rose to SFr7.7 billion from SFr6.6 billion the previous year. The figures are slightly above analysts’ expectations. ‘From today’s point of view, we expect a slightly higher net profit in 2000 than the…

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SFr10 million for Mozambique victims

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Swiss cabinet urges Swisscom not to make redundancies

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Media group Ringier announces record results

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Baxter investment triples the company workforce in Neuchâtel

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OBH looks to future as Unaxis

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The Internet booms…but will it explode?

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Yellow giant aims for leading e-business role

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Swiss economics minister reiterates support for China’s entry into WTO

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Sweet result for chocolate maker

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Schindler lifts profits

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