UBS bought rival Swiss bank Credit Suisse last year. KEYSTONE/© KEYSTONE / JEAN-CHRISTOPHE BOTT UBS’s Asia-Pacific president signaled that most of the bank’s job cuts in the region are over as it nears the official completion of its historic merger with Credit Suisse. This content was published on May 28, 2024 – 09:51 Do you...
Tag: business
Post
Post
‘Holidaymaker fees must benefit everyone’: Switzerland Tourism
Tourists flock to the picturesque Swiss village of Lauterbrunnen every year. KEYSTONE/© KEYSTONE / ANTHONY ANEX Charging entrance fees at popular Swiss holiday hotspots only makes sense if overseas guests also gain from the levy, says the Swiss tourism industry. This content was published on May 21, 2024 – 13:38 Do you want to read...
Post
Swiss retailer Migros starts restructuring with 150 job losses
Swiss supermarket chain Migros is embarking on a major restructuring programme KEYSTONE/© KEYSTONE / GAETAN BALLY The Swiss Migros supermarket chain has started its downsizing programme with the loss of 150 jobs. This is around 10% the total number of expected lay-offs. This content was published on May 21, 2024 – 11:57 Do you want...
Post
China’s BGG establishing new HQ in Switzerland to pursue double business growth in five years
The facility in Basel will operate as BGG World and be managed by newly appointed CEO Jürgen Nelis, supported by Global Commercial Director Thomas Adler, to spearhead the company’s international corporate strategy. The opening of this new headquarters represents a “significant leap forward” for the firm’s expansion efforts, as it seeks to build on more...
Post
Switzerland navigates own course through inflation maze
Various central banks must pick a different path through the maze of inflation. KEYSTONE Central banks around the world are keeping savers and homeowners guessing about interest rates. Switzerland broke ranks with a drop in rates in March, from 1.75% to 1.5%. But predicting the future direction of interest rates is made more difficult by...
Post
Swiss Army Knife set to release a new pocket tool — without a knife — citing ‘violence in the world’
The manufacturer of the iconic Swiss Army Knife said that’s releasing a new multi-tool that comes without a knife. The pocket tool-maker Victorinox’s CEO Carl Elsener said in an interview with Swiss media outlet Blick that the company is “concerned about the increasing regulation of knives due to violence in the world.” “We’re actually working...
Post
New Swiss Army Knife model to eliminate the knife – UPI.com
The maker of Swiss Army Knives is in the “early stages of developing pocket tools without blades” due to weapons regulations around the world. File Photo by Gabriel Monnet/EPA-EFE May 8 (UPI) — The maker of the Swiss Army Knife is taking the knife out of the century-old pocket tool’s latest model due to weapons...
Post
Sharp rise in foreign investments in Switzerland in 2023
While the number of foreign investment projects in Europe fell by 4%, in Switzerland it shot up by over 50%. Keystone / Christian Beutler While investments by foreign companies in Europe declined last year, significantly more was invested in Switzerland than in 2022. This content was published on May 2, 2024 – 11:39 The number...
Post
Switzerland braced for wave of bank staff layoffs
Redundancies at Switzerland’s largest bank will test the capacity of the financial sector to absorb jobs. Keystone A year ago Credit Suisse staff were stunned by the sudden demise of their bank. Many are now fighting for their careers with 3,000 Swiss posts set to be axed by their new employer UBS, starting this year....
Post
Esprit Switzerland stores to close after bankruptcy – SWI swissinfo.ch
Esprit complained that the cost of renting high street units was too high. KEYSTONE/© KEYSTONE / CHRISTIAN BEUTLER The Swiss branch of the popular high-street fashion retailer Esprit has gone bust, it was announced on Tuesday. This content was published on March 26, 2024 – 15:52 Do you want to read our weekly top stories?...
Post
Swiss retail chain Migros to shed jobs and sell-off subsidiaries – SWI swissinfo.ch
Migros subsidiaries, such as Hotelplan, are now deemed surplus to requirements. Keystone / Steffen Schmidt Swiss retail giant Migros is looking for new owners for its subsidiaries Hotelplan, cosmetics and hygiene brand Mibelle, Melectronics and SportX. The new strategy involves major job cuts but also investments in core business areas. This content was published on February 2,...
Post
CTI Fashion Initiative unveils tailored metrics for fashion circular economy
Geneva, Switzerland, 18 January 2024 – The fashion industry is witnessing a pivotal moment with the release of sector-specific circularity metrics by the CTI Fashion Initiative, a collaborative effort led by WBCSD, VF Corporation and Deloitte, with support from the VF Foundation. Launched today at the World Economic Forum in Davos, Switzerland, these tailored metrics...