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Old 25.04.2014, 09:51
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Mergers and Acquisitions 2014

It seems to be that so far 2014 is the year of big company mergers and acquisitions, particularly involving Swiss companies or companies with a big Swiss presence. First there was Holcim merging with Lafarge, then more recently the quasi merger of Novartis and GSK. Now it looks like Alstom will be imminently bought out by GE.

These are all big employers in Switzerland, and also big employers of English speakers in Switzerland. Do forum members think the Swiss government will have cause for concern at all these changes? Will these have a big effect on Swiss based jobs? Has anyone already been affected, either positively or negatively?
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Old 25.04.2014, 09:59
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Re: Mergers and Acquisitions 2014

Novartis sold off its less profitable divisions to 3 companies. Amongst them was GSK. It was seen as a good idea,
focusing on Novartis profitable sectors.

http://www.glaxosmithkline.ch/ http://www.nzz.ch/wirtschaft/wirtschafts-und-finanzportal/novartis-in-der-transformation-1.18290010

I don't see that anyone should be concerned, often the employees receive an advantage.
Instead of being the poor cousin in a big company, they become a useful spouse in another big company.

.

Last edited by Sbrinz; 25.04.2014 at 10:09.
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Old 25.04.2014, 21:30
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Re: Mergers and Acquisitions 2014

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Novartis sold off its less profitable divisions to 3 companies. Amongst them was GSK. It was seen as a good idea,
focusing on Novartis profitable sectors.

http://www.glaxosmithkline.ch/ http://www.nzz.ch/wirtschaft/wirtschafts-und-finanzportal/novartis-in-der-transformation-1.18290010

I don't see that anyone should be concerned, often the employees receive an advantage.
Instead of being the poor cousin in a big company, they become a useful spouse in another big company.

.
And, as the example of Alstom shows, it is very difficult to judge about the options. Some people might prefer Alstom to be sold to Siemens while others see the General Electric USA option as better. In regard to Switzerland, Siemens is already well established
http://w1.siemens.ch/home/ch/de/cc/s.../adressen.aspx
, while General Electric USA would come into Switzerland in a good and big way, while it is already well established
http://www.ge.com/ch/de/ourBusiness/...and/index.html



so that it is very difficult to say which solution is better of worse for Switzerland. Whatever, better a powerful foreign company like GE or Siemens than one which depends on the government in Paris for handouts

************************************************** *******************************

over to France. It is quite understandable why most French, not only some jingoists, hope for a decisive government intervention.
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Old 25.04.2014, 21:33
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Re: Mergers and Acquisitions 2014

i interviewed a executive coach/headhunter the other day and he was convinced that the swiss economy will stay strong and continue to need international employees, despite the uncertainties in the political scene and now these major changes.
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Old 25.04.2014, 22:29
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Re: Mergers and Acquisitions 2014

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i interviewed a executive coach/headhunter the other day and he was convinced that the swiss economy will stay strong and continue to need international employees, despite the uncertainties in the political scene and now these major changes.
Sure, but everything will be more complicated. And this costs money.

At the other hands, industry-captains from Germany and the USA understand Swiss politics nicely well, as the constitutions of the three countries are of the same pattern. A lot is said about centralisation in the USA, but if you look at the presidents since 1960 you can see that JFK and LBJ were congress members but Jimmy Carter, Ronald Reagan, Bill Clinton and W-Bush were state governors and so much in favour of federalism.

Then do not forget, that "Swiss Economy" does not mean "production in Switzerland" . If Hoffroche produces things in Quebec successfully it is a success of the Swiss economy and the profits will be in Basel. Mr Blocher sits in Herrliberg, close to Zürich where his party for decades failed to get a single seat in the city government and so "in Feindesland" and his companies produce a good deal just right accross the border, but his daughter manages the profits and the group of companies
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Old 18.01.2016, 08:27
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Re: Mergers and Acquisitions 2014

1300 Alstom employees have been laid of. That's definitely a consequence of the acquisition from GE.

http://www.tagesanzeiger.ch/wirtscha...16423652?track
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Old 05.06.2016, 08:15
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Re: Mergers and Acquisitions 2014

According to last night's SRF Tagesschau, GE Alstom will announce layoffs of 1'000 to 1'300 at its production facilities in Aargau on Monday, citing a union official among others:

http://www.srf.ch/news/wirtschaft/st...bt-es-klarheit
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