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Sulzer Industries announces 2,000 job reductions to boost performance

This content was published on Aug 26, 1999 Sulzer Industries announced Thursday that it would shed 2,000 out of its 19,000 jobs by the end of 2001 as part of a realignment programme aimed at boosting competitiveness and profitability. Sulzer said it would focus on the oil, gas and chemical industries and related markets, where strong growth was planned, above all in the…

Novartis reports first-half profit up 5 percent

This content was published on Aug 26, 1999 (AP) – Swiss-based Pharmaceutical giant Novartis said Thursday its net profit for the first half of this year rose 5 percent on the same period in 1998. It reported earnings of SFr3.73 billion ($2.45 billion), up from SFr3.55 billion (then $2.4 billion) last year. The company credited higher operating income and “good” financial earnings for…

Swatch Group says first-half net profit up 8.6 percent

This content was published on Aug 26, 1999 The Swatch Group, which includes the Swatch, Omega and Longines brands, said Thursday that profits for the first half of the year were SFr139 million ($90.8 million), up by 8.6 percent over the same period last year. A communiqué from the group’s headquarters in Biel said sales were up by 6.7 percent to SFr1.617 billion…

Switzerland tightens regulations on genetically modified substances

This content was published on Aug 25, 1999 The Swiss government on Wednesday signed into force new regulations aimed at tightening control over the use of genetically modified substances and potentially hazardous organisms. Under the new regulations, research and test projects involving genetically modified substances, or organisms that can endanger people’s health, can only go ahead after the federal authorities have assessed the…

Swiss banks want swift solution to dormant account problem

This content was published on Aug 25, 1999

Swissair parent’s first-half profits drop 31.5 percent

This content was published on Aug 25, 1999 (AP) — Swissair parent SAirGroup said on Wednesday that its net profit for the first half of this year fell 31.5 percent to SFr87 million ($58 million) from the same period last year. The group, which also includes regional airline Crossair, noted “continuing steep declines in yields from flight operations.” Last year’s first-half net profit…

Investigation into Swiss canyoning accident widens

This content was published on Aug 25, 1999 The Swiss authorities on Tuesday said they were expanding their probe of a whitewater accident that killed 21 people in the Bernese Oberland last month and had placed five more people under formal investigation. Martin Trapp, who is investigating what caused the tragedy at Saxetenbach creek on July 27, said his probe had widened to…

Experts want government to increase price for cigarettes

This content was published on Aug 24, 1999 A government-commissioned report recommends that the Swiss government raise the price for a packet of cigarettes and make people more aware of the health risks of smoking. The recommendations are part of a study on smoking and health policies in Switzerland. The study was commissioned by the Federal Health Office and the main findings were…

UBS announces first-half profits up 13 percent

This content was published on Aug 24, 1999 (AP) — Swiss banking giant UBS AG on Tuesday said its first-half net profit rose by 13 percent on the same period last year, to SFr3.962 billion ($2.64 billion) from SFr3.51 ($2.34 billion). UBS, formed last year from the merger of Union Bank of Switzerland and Swiss Bank Corp., said in a statement the result…

Switzerland resumes nuclear transports

This content was published on Aug 23, 1999

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Sulzer Industries announces 2,000 job reductions to boost performance

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Novartis reports first-half profit up 5 percent

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Swatch Group says first-half net profit up 8.6 percent

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Switzerland tightens regulations on genetically modified substances

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Swiss banks want swift solution to dormant account problem

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Swissair parent’s first-half profits drop 31.5 percent

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Investigation into Swiss canyoning accident widens

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Experts want government to increase price for cigarettes

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UBS announces first-half profits up 13 percent

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Switzerland resumes nuclear transports

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