Work-related stress is affecting more and more people in Switzerland, according to a study published by the Federal Statistical Office. In 2012, 18% said they felt stressed at work most of the time. By 2017, the same figure had risen to 21%. Nine potential drivers of on-the-job stress were looked at. Only 11% said they […]
Swiss unemployment down in second quarter of 2019
In the second quarter of 2019, the percentage of Switzerland’s population working rose by 1.1% and the percentage unemployed fell to 4.2%, based on the higher International Labour Organisation’s (ILO) measure. In the second quarter of 2019, 5.1 million people were working in Switzerland, 60% of the population. The number working rose 1.1% compared to […]
EU court rejects Swiss union criticism
Criticism of the Court of Justice of the European Union (CJEU) by Swiss unions intensified in 2007 after the Court ruled against workers in the Laval case in Sweden. Latvian workers were being paid less than the minimum wage on a construction site in Sweden. In protest, local workers blockaded the site. However, the CJEU […]
Four football bosses accused of fraud by Swiss Attorney General
Switzerland’s Office of the Attorney General (OAG) has accused three former officials of the German Football Association (DFB) and one from FIFA of fraud and has filed an indictment against them. Horst Rudolf Schmidt, Theo Zwanziger and Wolfgang Niersbach, from the DFB, and Urs Linsi, a former Swiss FIFA official are all under the spotlight. […]
Luzern may tax buses to reduce strain of mass tourism
Every year Luzern receives around 9.4 million visitors, or roughly 25,000 a day, according to a university study. Tourism is putting a strain on the city, bringing traffic to a standstill and creating crowds in public spaces. In addition, many visitors arrive on buses, tour the town, and leave without spending a night, which generates […]
Swiss apprenticeships – too many places, not enough takers
Figures on unfilled apprenticeship places show the difficulty of matching supply and demand in the labour market. This year there were 12,000 unfilled apprenticeship positions in Switzerland. Switzerland’s apprenticeship model, which helps match workers’ skills with employer demand, is one driver of Switzerland’s low unemployment (4.9%) – 2018 ILO basis. Switzerland has highest underemployment in […]
Switzerland has highest underemployment in Europe
In 2018, 830,000 people in Switzerland were unable to find the work they wanted, according the Federal Statistical Office. While 243,000 were looking but not immediately available and 231,000 were unemployed, most (356,000) were underemployed – working but unable to find as many hours of work as they’d like. The additional hours sought by underemployed […]
Swiss central bank under pressure as franc rises
Yesterday, the Swiss franc reached its highest level against the euro in two years. The CHF/EUR exchange rate reached 1.097 on 24 July 2019, a rate not seen since early 2017. Upward pressure on the franc is partly being driven by expectations of interest rate cuts by eurozone and US central banks. In addition, the […]
UBS warns of a looming shortage of workers in Switzerland
The Swiss bank UBS estimates there could be a shortfall of 500,000 workers in Switzerland in the coming 10 years as the baby boomer generation retires. However, the bank predicts the shortfall will not be even across all industries. Some sectors are expected to stagnate. Workers in these industries might find it harder to find […]
Swiss exports to the US significantly exceed those to Germany for the first time
According to an analysis by the Swiss broadcaster RTS, Switzerland’s reliance on EU exports has declined in recent years. Over the first quarter of 2019, for the first time, exports to the US exceeded those to Germany by more than CHF 1 billion reaching CHF 15.7 billion. Exports to the US have risen from 8.3% […]
