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Logistics billionaire Klaus-Michael Kühne has died
2026-08-24
Logistics billionaire Klaus-Michael Kühne has died in the early hours of Monday morning at the age of 89. The Swiss company he helped to build into a global logistics heavyweight, Kühne+Nagel, announced the news. Kühne was a member of the board of directors and the majority shareholder of the group. His holding company also holds …
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 …
Rising June Swiss watch sales bucks 2026 trend
2026-07-21
Following the sharp decline in April and the stabilisation in May, sales of Swiss watches abroad began to rise again in June. According to figures released today by the Federation of the Swiss Watch Industry (FH), exports in the sixth month of 2026 stood at CHF2.4 billion, up 11.2% compared with the same period in …
German car crisis hits Swiss manufacturing industry
2026-07-20
The closure of a Swiss factory that manufactures precision components shows that the crisis in the German car industry is also having an impact in Switzerland. The St Gallen-based industrial group SFS has decided to close its plant in Flawil by the end of 2027, resulting in the loss of 110 jobs. The decision took …
Swiss rail firm Stadler to deliver 21 trams to US
2026-07-16
Swiss railway equipment manufacturer Stadler has agreed to deliver 21 trams to the Texan operator Austin Transit Partnership (ATP), with an option for a further 19 trams. The Citylink-type trams, which can carry 240 passengers, will be built at Stadler’s United States factory in Salt Lake City, the Thurgau-based group said in a statement on …
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 …
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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