Tag: Employment Impact
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Sweden-based airline in bankruptcy cancels all Airbus flights for tour operators
The Rise and the Reckoning A Sweden-based airline established in 2022 set out to offer Airbus-operated flights to travel agencies and tour operators. The business model combined aircraft capacity with charter arrangements, aiming to fill a niche in the European travel market. But what began as a bold entry into the aviation scene soon grew…
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Merck’s Decision to Close London Research Centre: Impacts on UK Life Sciences
Overview of Merck’s Recent Decision The US pharmaceutical giant Merck has made a significant announcement that has sent shockwaves through the UK life sciences industry. The company has decided to scrap its ambitious £1 billion research centre project in London, which was anticipated to be a cornerstone of its European operations. Along with this drastic…
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The Impact of Tariffs: First Notices of Short-Time Work Announced and Approved
In a notable development in response to the recent changes in U.S. tariffs, several Swiss companies have begun issuing preliminary notices indicating a shift to reduced working hours, a strategy aimed at mitigating the potential impact on their workforce. According to the State Secretariat for Economic Affairs (Seco), as many as 916 employees could be…