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EU fines Richemont brand Chloé €20 million
2025-10-14
The European Union has imposed fines totalling €157 million on the luxury houses Gucci (Kering), Chloé (Richemont) and Loewe (LVMH) for breaches of competition rules. + Get the most important news from Switzerland in your inbox The European Commission has accused the three companies, based in Italy, France and Spain respectively, of restricting the ability …
Swissgrid posts lower profit in the first half of the year
2025-10-14
Switzerland’s national electricity grid operator Swissgrid generated less turnover and profit in the first half of 2025, but was still able to strengthen its finnacial base. + Get the most important news from Switzerland in your inbox Net sales for the first six months of the year fell by 4% to CHF795.5 million.
ABB to sell robotics division to Softbank Group
2025-10-08
The Swiss-Swedish technology group ABB is selling its robotics business to the SoftBank Group for $5.4 billion (CHF4.3 billion). +Get the most important news from Switzerland in your inbox The original idea of a spin-off of the business as an independently listed company will therefore not be pursued further, as ABB announced on Wednesday. The …
Swiss Post plans 100 job cuts
2025-08-21
Swiss Post is planning around 100 redundancies by 2026, due to the financial pressure. +Get the most important news from Switzerland in your inbox In the first half of 2025, the company’s profit fell by 44% compared to the previous year. The aim is to be able to continue to provide the universal service self-financed …
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 …
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