On 15 February 2023, Switzerland’s federal government published finalised figures showing it spent CHF 4.3 billion more than it received in 2022. Excluding extraordinary expenses related to the Covid pandemic left an underlying operating deficit of CHF 1.9 billion, the first shortfall of this kind since 2005. Switzerland’s federal government is required to operate under […]
Corruption report: nepotism and conflicts of interest should be Switzerland’s focus
The 2022 Corruption Perceptions Index (CPI), published on 31 January 2023, shows that most countries are failing to stop corruption. The CPI ranks 180 countries and territories around the world by their perceived levels of public sector corruption, scoring on a scale of 0 (highly corrupt) to 100 (very clean). The global average remains unchanged […]
Unclaimed Swiss pensions reach 5.6 billion in 2022
When workers in Switzerland change employers they typically take their salary-based pensions with them. However, if they leave the country without making any pension transfer arrangements, after six months, their pension money ends up with the Substitute Occupational Benefit Institution, a kind of backstop holding place for forgotten pensions. At the the end of 2022, […]
Switzerland has too many pigs, leading to animal welfare concerns
After slaughtering and freezing 12,000 pigs, Switzerland still has 50,000 more pigs than it can digest, reported RTS. With Swiss pig farms so full, vets are concerned animal welfare may be compromised. During the Covid pandemic when movements across national borders were restricted, Swiss farmers increased the number of pigs. When restrictions eased and imports […]
Professional training boosts pay by 46% in Switzerland
Switzerland offers workers the possibility of obtaining professional qualifications while working. Around 27,500 people graduate from these federally recognised higher vocational education programmes every year. Six years after graduating from these programmes the median income for a full-time job is about CHF 7,800 per month, compared with the CHF 5,300 received five years before obtaining […]
Swiss unemployment lowest in 20 years
On 9 January 2023, Switzerland’s State Secretariat for Economic Affairs (SECO) published the latest figures for the Swiss labor market in 2022 showing unemployment at its lowest rate for 20 years. 2022 saw the development of a labour market increasingly characterised by a shortage of workers and an unemployment rate of 2.1%, said SECO. The […]
Switzerland’s worker shortage putting pressure on unemployed to change career
By international standards, unemployment payments are generous in Switzerland – typically 70% of salary. But they come with strict requirements for recipients to show they are engaging in actions deemed necessary to find work. With record numbers of unfilled jobs, pressure is now being put on some to change career, reported RTS. According to one […]
No money likely from the Swiss central bank in 2023
In good years the Swiss National Bank (SNB) distributes a portion of its profits to a number cantonal tax authorities, boosting their income. However, there will likely be no payments in 2023, reported the newspaper 20 Minutes. When the SNB was trying to moderate the rise of the franc it bought large quantities of assets […]
One in 20 jobs unfilled in Switzerland
As the end of 2022 approached, there were more than 250,000 unfilled jobs registered in Switzerland, equivalent to nearly one in every 20 jobs1. Out of the 264,069 vacancies recorded, nurses, electricians and managers were the most sought after employees, reported SRF. Together these three categories made up 10% of vacancies. On 15 November 2022, […]
Swiss gas consumption down nearly 30% in November
Switzerland consumed significantly less gas in November 2022, according to the Swiss Federal Office of Energy (SFOE). In November 2022, Switzerland imported 3084 giga watt hours of gas, 29% less than the monthly November average of the prior five years, reported RTS. October 2022 saw a similar year on year decline (-40%). However, despite lower […]
