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Car dealers, garages feel market pressures

This content was published on Nov 25, 1999 Car dealers, and service and repair garages in Switzerland are feeling the pressures of a tighter market but a major crisis has so far been averted, industry leaders said Thursday. The Association of Car Dealers and Garage Owners told a news conference in Berne that profits from car sales have decreased over the past months,…

Swiss store pulls product with illegal corn

This content was published on Nov 25, 1999 (AP) — A leading Swiss store pulled a pancake mix made by Quaker Oats from its shelves Thursday after an analysis showed it contained genetically altered corn illegal in Switzerland. The Globus chain said it withdrew Aunt Jemima Pancake Mix because a study commissioned by the environmental group Greenpeace revealed the presence of Monsanto 810…

Government delays pension fund reform issue

This content was published on Nov 24, 1999

Nestlé sales rise 2.2 percent

This content was published on Nov 24, 1999 (Reuters) – Swiss-based Nestlé SA, the world’s biggest food company, said on Wednesday that sales in the first 10 months of 1999 rose by 2.2 percent to SFr60.5 billion ($38.9 billion). Nestlé said that group sales and profit should rise in 1999, forecasting consolidated sales of more than SFr73 billion. “Profits should grow at a…

Swiss super highways to be completed by 2015

This content was published on Nov 24, 1999 Switzerland’s long-term national super highways construction project will be completed by the year 2015 at an estimated cost of SFr65.2 billion ($41.8 billion), the government said Wednesday. Outlining progress in the decades-old construction programme, the federal authorities said that the main missing portions of two key highways will be operational by 2003. Existing gaps will…

Museum celebrates 20 years of paying homage to physics genius

This content was published on Nov 24, 1999 One of Switzerland’s smallest museums is celebrating 20 years of paying homage to one of the biggest names in the world of physics. It is in the three-room apartment where Albert Einstein spent two productive years working on — among other things — his theory of relativity. The museum is so discreetly located in the…

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…

Internal: Archive

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