Facts and figures about road transport
Facts and figures about road transport
Read MoreTag: Switzerland
Swissair bankruptcy spells trouble for sector
Swissair, once one of Switzerland’s most respected companies, has filed for bankruptcy in a move that could trigger a series of financial crises among other European airlines
Read MoreFinance Report: Kuehne & Nagel, Danzas & Panalpina register record results
Panalpina Fischer emphasised the company’s independence at his annual press conference in Zurich: “Our shareholder [the Ernst Gohner Foundation] is dosely watching potential alliances but regards the recent concentration and acquisition euphoria in logistics as a thing of the past.”
In this context Fischer welcomed the fact that SairLogistics had sold back its 10% stake in Panalpina and 45% share of SwissGlobalCargo back to Goihner and Panalpina (Airtrade, May). “This gives us back our entrepreneurial freedom: we no longer have to consider minority interests.” He added; “When we decided to get out, we did not know where SAirGroup (now Swissair Group) was going”.
Read MoreVotes show evidence of strong resistance to privatisation projects
Over the past few months, Swiss political views on privatisation have undergone profound changes. Several right-wing politicians have begun to reject the idea, and the conservative reaction to the US terrorist attacks has come at a critical time. Apart from airline Swissair, parliament is considering the privatisation of the electricity market, national telecoms operator Swisscom and national postal services group La Poste. Consensus on these matters is proving very hard to find.
Read MoreSwiss national council refuses to hinder post office closures
The Swiss national council has refused to deal immediately with a motion proposed on Monday requesting a moratorium on the restructuring of the post office until a new mandate for services is accepted by parliament. The proposal would have had a good chance of success if it had been dealt with on the first day of the parliamentary session. Tabled in June, it was approved by 93 national councillors.
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