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Swiss manufacturer Burckhardt announces further job cuts
2026-08-19
Swiss manufacturer Burckhardt Compression has announced up to 220 job cuts, of which 150 will be in Switzerland and 70 at international sites. In addition to the job cuts, the organisational structure is to be simplified, selected functions consolidated and business processes optimised, as the compressor manufacturer announced. The company will stregthen its operations in …
Swiss economy grows surprisingly fast in Q2
2026-08-14
The Swiss economy grew at a surprisingly healthy rate in the second quarter of 2026, driven by the chemical and pharmaceutical sectors. In the second quarter, Switzerland’s gross domestic product (GDP) grew by 1.5% in real terms on a seasonally adjusted basis compared with the previous quarter, according to the preliminary estimate by the State …
EU steps up antitrust case against Swiss chemicals firm Sika
2026-07-20
The European Commission is stepping up antitrust proceedings against the construction chemicals group Sika and other manufacturers. The Commission has sent statements of objections regarding suspected price-fixing in relation to chemical additives for cement, concrete and mortar. According to the EC’s preliminary assessment, the companies are alleged to have colluded on future price increases between …
Most Swiss small firms confident of survival
2026-07-09
Despite economic uncertainties, the majority of Swiss small and medium-sized enterprises (SMEs) are optimistic about the future. According to a survey, 86% of respondents expect their business to still be in operation in ten years’ time. At the same time, 43% regard the economic situation in their sector as uncertain. This is shown by this …
EC clears Zurich insurer to buy British specialist Beazley
2026-07-07
The Zurich Insurance Group has received the green light from the European Commission (EC) to acquire the British specialist insurer Beazley. The EC approved the acquisition under a simplified merger control procedure, as it announced on Tuesday. The EC went on to state that the proposed transaction did not raise any competition concerns, as the …
Switzerland forms military purchasing pact with Austria
2026-07-07
Switzerland intends to step up its cooperation with Austria when buying military equipment. The aim is to make the procurement of defence equipment more cost-effective and efficient, said Swiss defence minister Martin Pfister. + Is the Swiss weapons industry in danger of misfiring? “We are only just at the beginning of joint procurement in Europe,” …
Swiss oil traders anticipate high prices and strong profits
2026-04-24
The Iran war and subsequent blockade of the Strait of Hormuz are driving up energy prices. Oil traders shared insider insights at their annual meeting in Lausanne. Energy supplies are becoming less secure due to the war in Iran and the blockage of shipping in the Strait of Hormuz. At the centre of this geopolitically …
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