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Last Swiss paper manufacturer cuts jobs due to high costs
2025-08-12
Perlen Papier in Root, canton Lucerne, plans to cut 65 jobs to reduce costs. In addition to measures to increase efficiency and reduce costs, job cuts are also unavoidable, the company announced in a statement on Monday. Employees have been informed of the measures and a social plan will be implemented, the statement added. +Get …
Swiss government working with firms to overcome high US tariffs
2025-08-10
The Swiss delegation that travelled to Washington has returned from talks on tariffs in the United States. The negotiations are now being conducted under the aegis of the government and the federal administration. “The federal administration has very close and regular contacts with the Swiss economy at all levels. Such cooperation has always been a …
Swisscom sees profit decline as Vodafone Italia integration drags on
2025-08-07
Profits fell in the first half of the year for Swisscom. On the back of the costs of the Vodafone Italia integration, the telecoms provider posted a net profit of CHF625 million ($773 million), 25% lower than in the same period last year. +Get the most important news from Switzerland in your inbox Thanks to …
One in three new vehicles in Switzerland are plug-ins
2025-08-05
The Swiss car market grew in July, thanks to a carryover of registrations from June. Since the start of the year, the decline has been close to 5%. +Get the most important news from Switzerland in your inbox During the month under review, 19,629 passenger cars were registered in Switzerland and the Principality of Liechtenstein, …
UBS settles Credit Suisse legacy case in the US
2025-08-04
UBS has reached an agreement in the US with the US Department of Justice (DOJ) for another Credit Suisse legacy issue. As part of the settlement concerning so-called mortgage-backed securities, UBS will pay $300 million (CHF242 million), as announced on Monday. +Get the most important news from Switzerland in your inbox The mortgages in question …
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