ZURICH, SWITZERLAND – Six Group, a financial services provider owned by 150 banks, announced 28 February that it will cut 150 jobs as part of cost-trimming measures, despite 2011 profits of CHF216 million. Full results will be reported 27 March. The company, which runs payment settlements operations and the Swiss stock market, says it has [...]
Credit Suisse says its job cuts are mostly outside Switzerland LAUSANNE, SWITZERLAND – Machine tools manufacturer Bobst says it will cut 8 percent of its 5,300-strong workforce by 2013, as part of restructuring. Most of the 420 jobs that will be lost are in Lausanne while the company relocates some of its work. “Owing to [...]
GENEVA / ZURICH, SWITZERLAND – Credit Suisse Tuesday 1 November confirmed weekend rumours that it is cutting jobs, saying it will reduce its global staff head count by 3 percent (some 1,500 jobs), while Kudelski in Lausanne announced it will cut 270 jobs, most of them in Switzerland. The ILO (International Labour Organization) in Geneva, [...]
The ink was barely dry on the $315 million sale of the Huffington Post to AOL, a deal that closed Monday, when the online media company announced Thursday 10 March that it is cuttiing nearly 1,000 jobs. The company employs 5,000 people worldwide. The US operation will see 200 jobs axed, but India will get [...]
Company will cut back 8,400 jobs in two years for $2.4b annual savings Basel, Switzerland (GenevaLunch) – Roche has been true to its word earlier this year that it would make “significant” job cuts after setbacks in its drug business: Wednesday morning 17 November the company said that it is cutting back 6 percent of [...]
Drug company Pfizer, in what it describes as a major restructuring, will lay off some 6,000 workers worldwide. Ireland’s Pfizer operations will cut 785 jobs. The news comes as 1,200 people marched in Dublin to demand a right-to-work programme, just as the European Commission told Ireland it can expect to be asked to make more [...]
Bern, Switzerland (GenevaLunch) – Journalists will be spared but 100 of their colleagues in support services at SSR, Swiss Public Broadcasting Corporation, will lose their jobs between now and 2014. Support services, with 735 employees, include: computer services, real estate, logistics, human resources, training, communications, marketing, and accounting. SSR owns TSR television, RSR radio and [...]
Lausanne, Switzerland (GenevaLunch) – Edipresse, the largest media company in French-speaking Switzerland, announced Friday 9 October that it will cut nearly 10 percent of its workforce: 100 jobs, with half in its print units, some 30 journalists’ positions and the rest in production. The company has 1,124 full-time equivalent positions in Switzerland. Half of its [...]
Lake Geneva region, Switzerland (GenevaLunch) – Publicitas, one of the main advertising sales organizations in the region, will curs its workforce by 89 people at the end of 2009, with 70 of those as redundancies. Fourteen of them will be given an offer by media publisher Edipresse.
Citigroup added to the gloomy economic news that started Monday with an announcement of recession underway in Japan by telling investors that it will reduce its workforce to 300,000 people but cutting 50,000 jobs. In the past four quarters, reports CNN, the bank has trimmed 23,000 jobs.