Tag Archive | "Economy"

Tags: citizens, Crisis, Economy, employment, Europe, freedom, graduates, job, jobs, labor, market, middle class, movement, professional, swiss, trade, vote

Vote on 8 February, EU or not ?

Posted on 15 January 2009 by Gaffer

Fears around the employment market will play a significant role in the vote on 8 February. Despite the support of economy and trade unions, the “yes” to freedom of movement is now doubt in the middle class of Switzerland that the influx of skilled workers worried.

Entry into force in 2002, expanded in 2005, the free movement of people has changed the Swiss labor market.

According to the latest barometer of employment published in late November by the Federal Statistical Office (SFO), Switzerland had, 3rd quarter 2008, 1.3% of employed more than a year earlier.

An increase resulting primarily from the increased number of foreign workers (+4.0%), the Swiss number increased only slightly (0.4%).

Absorbed by an economy operating at full capacity in recent years, the European workforce has also diversified.

Gone is the cliché of the Portuguese bricklayer, now 58% of workers who come to settle in Switzerland are graduates, against 36% in 1997.

But what happens on the Swiss labor market during this financial crisis?

EU and bilateral votation in Switzerland

This fear haunts now also the middle class, traditionally more open to Europe.

In the latest survey of the institute devoted to gfs.berne popular vote on February 8, and it appeared that his position was “the reluctance of the refusal.” What political scientist Claude Longchamp explained by the presence of increasingly skilled foreign workers.
A study by the Center for Business Cycle Research at the Swiss Federal Institute of Technology Zurich (KOF) shows that between 2002 and 2007, gross domestic product (GDP) in Switzerland recorded an annual increase of 0.16% above what would have happened without the agreement. The same study also indicates that the movement did not decrease the level of nominal wages, or increase the rate of unemployment among the Swiss.
But the assumption that European workers are the first affected by the crisis in Switzerland seems to be confirmed. In November, the net migration fell by 28% compared to the previous month. The fall was particularly marked in Germany (-40%), which are the most numerous among EU citizens to seek their professional happiness on the Swiss market of employment.

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Tags: Economy, employment, hiring freeze, jobseekers, recession

Swiss Companies : Jobs Freeze

Posted on 09 December 2008 by ThomasP

The employment market in Switzerland has begun deteriorating. Official statistics from November released this morning by the SECO (an organ of the Swiss Federal Government) showed new jobs creation grinding to a halt and unemployment rates rising to 2.7% from a previous 2.6%.

The employment index, calculated by the HES of Soleure and the University of Zurich on a mandate from the company Monster, showed a 5 point drop in October, its first drop since 2003.

The economics professor Yves Fluckiger, director of the Employment Observatory of Geneva, believes that the number of unemployed will grow by 30,000 – 40,000 persons within the next 12 months. The unemployment rate is thus expected to rise to 3.5% – 3.6%. In fact, over the next 4 – 6 months, the unemployment statistics will mostly be hit by the already jobless who will have greater difficulty finding work in a market which is tightening up and go into bunker mode.

Off balance by the recessionist economic perspectives, companies are scaling back hiring, resulting in fewer opportunities for those without jobs to get off unemployment.

Swiss unemployment set to rise

Added to this, recruiters and analysts of the job market say, will be an increase in companies laying off workers.

The Regional Placement Offices (ORP) claim that they are already seeing these tendencies. The federal government has already been sending out circulars advising regional placement offices to increase their staff (at least they are hiring !) to deal with expected rise in the number of unemployed who will need assistance in finding a job.

The canton of Fribourg is already seeking to hire several new placement case officers.
Neuchatel’s two placement offices currently employ 40 staff and are in the process of recruiting 4 more placement advisors. They say they may hire more in 2009.

The canton of Geneva’s placement centers employ roughly 200 staff – making them an important source of employment for Geneva – and have not yet launched any new job offers but sources say they will be hiring more staff for 2009, according to Patrick Schmied, the director of the Office Cantonal de L’Emploi.

On average, a placement officer handles 100 jobless candidates at the same time. In December 2007 Switzerland had 131 regional placement offices for the jobless and employed a total of 2500 persons. These offices handled a total of 436,000 unemployed seeking a job.

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Tags: Add new tag, Economy, Geneva, jobs, remuneration, Salaries, switzerland, work

Geneva has disproportionate numbers of jobs in Switzerland

Posted on 14 October 2008 by ThomasP

The canton of Geneva occupies 0.6% of the surface area of Switzerland but employs roughly 8% of the salaried Work force in Switzerland and is responsible for a gross product of roughly $ 35 billion, roughly 8% of the Swiss GDP.

As to jobs, Geneva has practically a world record with approximately 2 jobs for three inhabitants (For a total population of about 450,000 there are 297,000 Jobs in Geneva). There are also roughly 75,000 cross border workers who work in Switzerland but live in neighboring France or Germany or Italy.

According to the Geneva Cantonal Bank’s statistics, the average salary in Geneva has continued to rise. During the 90’s, Geneva salaries were less than those in Zurich. However salaries in Geneva have now outstripped salaries in Zurich, with the average salary in Geneva now roughly CHF 6350, approximately 15% higher than the Swiss average, and about CHF 100 higher than Zurich’s average. The high average salaries for jobs in Geneva is largely explainable by the Jobs in Geneva Switzerland

high proportion of jobs in private banks, jobs in trading companies, and jobs in the financial services industries, all of which pull the salary statistics higher. Roughly 10% of workers in Geneva have salaries higher than CHF 12,400 per month.

Geneva is also the canton with the most glaring discrepancies between high salaries and low salaries.

In Geneva 85% of the small and medium size companies employ fewer than 10 persons. But over a third of the corporate landscape in Geneva (measured by number of jobs) is large multinational companies. Among the large employers of Geneva are the banks – UBS, Credit Suisse, BNP Paribas, HSBC, Pictet, Lombard Odier Darier Hentsch, Deutsche Bank,… – and then there are the luxury brands, and other multinationals, such as Rolex (4000 jobs), Proctor and Gamble (2500 jobs), Firmenich (1600 jobs), The Richemont Group (1400 jobs), Patek Philippe (1200 jobs), Merck Serono (1000 jobs), Givaudan (800 jobs), Chopard (700 jobs), Japan Tobacco (600 jobs), Franck Muller(600 jobs) and Du Pont(600 jobs).

The luxury watch industry alone brings in over $1 billion in annual revue to the canton of Geneva.

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