Job Market Monitor
Switzerland
Guaranteed Basic Income in Switzerland – 77% reject it
Swiss voters rejected by a wide margin on Sunday a proposal to introduce a guaranteed basic income for everyone living in the wealthy country after an uneasy debate about the future of work at a time of increasing automation. Supporters had said introducing a monthly income of 2,500 Swiss francs ($2,563) per adult and 625 … Continue reading
Vocational education and training has been neglected OECD says
“Vocational education and training has been neglected. If “strong vocational programmes increase competitiveness”, “many programmes fail to meet labour market needs” writes the OECD in LEARNING FOR JOBS: SUMMARY AND POLICY MESSAGES. The OCDE review “aims to bridge the gap between learning and jobs, by exploring how to make initial vocational education and training for … Continue reading
Temporary Workers in Switzerland – Better qualified and earning more
Temporary workers in Switzerland are now significantly better qualified and paid compared with four years, according to Swiss Staffing, the Swiss Federation of Staffing Companies. The survey, conducted by private research institution gfs-Zurich on behalf of Swiss Staffing, interviewed 1,000 people who had worked in a temporary capacity over the past year. The study was … Continue reading
EU Immigration / The Swiss aren’t the only ones concerned
Few paid the vote much mind before it took place, but the referendum’s result last week made it onto the front pages of newspapers across Europe. Politicians from London to Berlin, from Brussels to Rome released statements. And it quickly became clear that the Swiss once again shined the spotlight on an issue that people … Continue reading
EU immigration in Switzerland / A ‘yes’ vote to end free movement
Switzerland has voted 50.3 percent in favor of limiting annual migration from the EU, thus ending the policy of free movement within the bloc that was established in 2002. Swiss voters narrowly decided that immigration quotas would be reintroduced, thereby overturning the free movement policy introduced in the European Union 12 years ago. Early results … Continue reading
Switzerland / Enough signatures for a vote on a monthly minimum wage of $2,800 (2,500 Swiss francs)
Some 120,000 Swiss signatories have put their names to a petition demanding a monthly minimum wage of $2,800 (2,500 Swiss francs) for every single member of the working adult population. Enough names have been collected for a government vote Continue reading
Swiss / Influx of Skilled EU Workers Good for the Economy says Zurich-based KOF
The strong inflow of immigrants into Switzerland in the decade through 2011 helped boost the Alpine country’s economy and hasn’t led to local workers being squeezed out of the labor market, according to a study by the KOF economic institute. “On the contrary, the influx of foreign workers into Switzerland since 2002 has reduced unemployment … Continue reading
Offshore Wealth / Switzerland the top destination
Offshore wealth, defined as assets booked in a country where the investor has no legal residence or tax domicile, rose by 6.1 percent in 2012 to $8.5 trillion, with Western Europe the predominant source and Switzerland the most popular destination. (See the exhibit below.) Despite this increase, stronger growth in onshore wealth led to a … Continue reading
Switzerland / Better to be young when laidoff
What happens to people who lose their job in mass redundancies in Switzerland? According to a Lausanne University study, most people find another position quickly – unless you are in the last phase of your working life. Switzerland has one of the lowest unemployment rates in Europe – 2.9 per cent on average in 2012. … Continue reading
Switzerland / More Eastern Europeans looking for work
Once the eurozone crisis took hold with particular intensity in Southern Europe, more and more people are looking for work abroad. Switzerland has become an attractive destination for migrants from the East and South. Maja Majchrzak is from Poland. She has worked as a ski instructor since Christmas at the Swiss resort town St. Moritz. … Continue reading
Credit Suisse | To cut 300 jobs in Switzerland
Credit Suisse will merge its retail and private banking arms in Switzerland from January, in a move which will cost 300 jobs at the Swiss bank and save 50 million Swiss francs ($52.76 million). The restructuring is part of an extra 1 billion Swiss francs in cost cuts announced by Credit Suisse two weeks ago … Continue reading
Switzerland – Lonza to Cut Jobs
Lonza Group AG (LONN) said it plans to cut 500 jobs, including 400 at a Swiss site that manufactures chemical intermediates and active pharmaceutical ingredients. Most of the job losses will come from internal transfers, natural attrition, early retirements and by not extending temporary contracts, the Swiss supplier to the pharmaceutical industry said today in … Continue reading
Switzerland – Straumann – To cut 150 jobs
Swiss dental implant maker Straumann (STMN.S) said it would axe roughly 150 jobs to boost margins as it grapples with sluggish demand in Europe, its biggest market. The euro zone debt crisis has battered sales of dental implants made by Straumann and its Swiss rival Nobel Biocare (NOBN.S) as cash-strapped Europeans, worried about the downturn, … Continue reading
Swiss economy shrinks
The Swiss economy unexpectedly shrank in the second quarter as the euro zone crisis caught up with a country that had seemed relatively immune to its neighbors’ woes, providing further justification for the central bank’s cap on the strong franc. The surprise 0.1 percent contraction mirrors emerging evidence in Sweden, another euro outsider whose currency … Continue reading
Swiss Bank – Vontobel to cut jobs
Vontobel is planning to cut an undisclosed number of jobs, the latest Swiss private bank seeking to lower costs as the industry braces for lost revenue due to pressure on the country to stop harbouring tax evaders. Vontobel spokesman Reto Giudicetti confirmed comments by Chief Executive Zeno Staub in an interview with the Handelszeitung newspaper … Continue reading
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