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...
Tag: business
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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...
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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...
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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...
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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...
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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....
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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?...
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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,...
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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...
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Publisher Frontiers cuts 70 jobs in Switzerland and 600 worldwide
(Symbol image) The reason for the job cuts is the shrinking market for scientific publications and a significant increase in fraudulent articles. Copyright 2023 The Associated Press. All Rights Reserved The scientific publisher Frontiers, founded in 2007 at the Swiss Federal Institute of Technology Lausanne (EPFL), has to cut 600 jobs in 23 countries. Around...