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Novartis has record profitability – more jobs in Basel

Posted on 25 October 2008 by Hans-T

Outside of the banks and finance companies, there are many sectors of the Swiss economy that are only minimally affected by the financial crisis and continue to show a growth of jobs in Switzerland.

Consider the case of Swiss pharmaceutical giant Novartis, based in Basel. A Spokesperson for Novartis said this week that Novartis has no exposure whatever to insolvent financial institutions. The group’s figures for the first three quarters show a 12% increase in profitability over last year for a total of $31.4 billion, and a net profit of $7.25 billion. Novartis’ profitability rose by 19% compared to the same period last years, with the 3rd quarter’s results 32% higher over last year’s. Most of the Swiss employment provided by Novartis are jobs in Basel.

The pharmaceutical giant owes its resplendent financial fortunes to the effects of change as well as its global restructuring, in which more than 2500 jobs (mainly outside of Switzerland) were eliminated worldwide.

The multinational drug company, which contributes to the considerable amount of research and engineering work in Basel, has recently been launching an array of new medicines to counter the pressures from the increasing number of generic drugs competing with established Jobs in Basel - Pharmaceuticals - Novartis

pharmaceutical products. Over the last 9 months alone Novartis launched nearly 100 new drugs to offset the losses expected from generics competing with established patented medicines such as Diovan (for hypertension) which by itself is responsible for $5 billion in sales. Nonetheless, analysts say it will not be before 2010 that these new products will reach their full sales potentials. The increased revenue is expected to feed demand for increased research and development work in Switzerland.

Jobs in Basel - PharmaceuticalsAcross the Atlantic, where like its competitors, Novartis got the green light from the American FDA, sales have declined a modest 4%. But Novartis has offset these modest declines with huge gains in emerging economies (+17%) as well as in Europe where sales are up 7%.

Analysts have expressed a bullish attitude on Novartis, noteworthy especially in this period of market turbulence, and continue to recommend buying Novartis stock, considered to be a strong long term investment. Wegelin bank analysts say the stock is a ‘sure value,’ and some analysts see the stock rising above CHF 70.

For Basel, Novartis continues to provide a large number of jobs in Basel and to contribute substantially to tax revenues.

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Living in France, Italy, or Germany, but Working in Switzerland

Posted on 15 August 2008 by Hans-T

The workforce of commuting workers who live in neighboring France, Germany, Italy, or Austria but work in Switzerland has grown by nearly 30% over the past 5 years.

There are currently nearly 250,000 foreigners working in Switzerland and living across the border in one of Switizerland’s neighboring countries.

In only the past year, the number of border workers with jobs in Switzerland has risen roughly 6%. Foreigners working in Switzerland but living across the border are hold ‘G’ permits to work in Switzerland.

According to the Federal Office of Statistics, the majority of these workers hold jobs in industry, though a sizable portion occupy jobs in banking or jobs in the luxury watch industry.

The strongest rise in workers living in neighboring countries and commuting to jobs in Switzerland was in the region around lake

Geneva, which rose nearly 60%, followed by the region around Zurich, which rose by 35%. In Ticino, the rise was nearly 30%.

The country distribution of these foreign workers has not changed appreciably in the five year period. Well over half live in France, with approximately 20% living in Italy, another 20% in Germany, and the remainder in Austria.

Foreigners who live in neighboring countries but commute to jobs in Switzerland hold ‘G’ permits. Any citizens from the European Community have a right to such a permit.

The number of such workers in Switzerland has shown a particularly steep rise (+40% from 2003-2008) in the tertiary sector, with the chemical industry showing strong increases (+20%) and medical instruments and precision optics and luxury watchmaking showing increases of roughly 20%.

Europeans also have the right to exercise an independent activity – that is, to be self-employed– in Switzerland. Geneva currently has approximately 500 self-employed professionals who live in Neighboring France. There are somewhere on the order of 100o non-resident independents working at jobs in Switzerland.

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Baselworld Fair

Posted on 11 April 2007 by Papessa

The luxury industry is one of the hottest sectors of the Swiss economy and numerous career opportunities exist. Job offers are particularly numerous in watchmaking, micromechanics, design, marketing and sales, and branding. The increasing profitability of the Swiss luxury watch and jewelry industry had created thousands of new jobs. Job offers and employment opportunities are growing in the Swiss luxury industry. There are many openings for diverse professionals from watch movement designers, to brand specialists, architects and designers, sales, marketing experts, and HR staff. Visiting the websites of the major Swiss luxury brands permits job seekers to apply directly to the employing company without going through a recuitment agency. However, recruitment and employment agencies can be advantageous in that they can often obtain the candidate an interview he might not otherwise have gotten.

A sign of the prosperity of the industry and opportunity therein for finding employment in Switzerland is the Baselworld Fair.

Swiss employment oportunities and high paying jobsThe prestigious Baselworld assembly for the world of luxury timepieces and jewelry will take place from Wednesday at the Mustermesse in Basel, reuniting the elite circle of luxury brands. The fair runs until 19 April and there are 2100 exhibitors from the world of brand name chronometers and jewelry and represent an important sector of employment in Switzerland. The fair expects at least 100,000 visitors. Many of the major brands and distributors are actively seeking to recruit profiles in design, branding, coordination, sales and marketing, and HR. The fair itself creates many jobs in the decoration and design fields.

The Fair is also an opportunity for jobseekers in the luxury industry to prospect future employers. At the fair will be present retailers, wholesalers, suppliers, and specially invited clients as well as the exhibitors.

The Fair is especially an opportunity to conclude contracts and in the luxury watch making industry the elite brands can do 50% of the sales in the 8 days of the Fair. Companies often produce one-of-a-kind pieces for sale at the Fair whose fabrication can take several months. The majority of orders are passed in Basel. However, some brands like Tissot do only 10% of their sales at the Fair. The Fair is also an opportunity for professionals working or interested in working in the luxury sector to look for employment and try to land a job offer.

The luxury industry in Switzerland is constantly seeking qualified candidates for employment and several specialty schools and institutions have recently been planned in an effort to train more qualified personnel.

Following rapidly on the opening of Baselworld is the SIHH in Geneva, a much more select fair in which there are only 16 companies exhibiting and representing rather a highly select group of very elite and expensive brands. The Geneva SIHH is juried and the cost of exhibiting is very high, with some brands paying several million dollars in exhibition costs.

The Swatch brands exhibit at Basel, whereas the Richemont brands exhibit in Geneva.

There is some talk of merging the two fairs. Both fairs present ample opportunities for the job seeker in the luxury industry for making connections that can lead to a key offer of employment at a prestigious brand.

Employment opportunities in the Swiss luxury industry have ballooned and there is talk of even launching specialized websites for recruitment for that luxury watch industry.

high salaries in the Swiss luxury industryWatches have have become an accepted form of jewelry for men, and there is no sign of a let-up in demand. Some of the sorts of job titles and candidate profiles that are actively sought for the Swiss luxury industry are : Managers of professional training, watchmakers, logistics managers, quality control personnel, and computer professionals for ERP software.

Most of the luxury brands post job opportunities directly to their websites.

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Swiss Epidermic Reaction to Migrant German Labor

Posted on 21 March 2007 by Sprecher

A wave of emigration is taking place from Germany, where unemployment is high, to the clement lands of the German-speaking parts of Switzerland, where unemployment is very low and the demand for skilled labor is high.

The regions of Basel and Zurich are the most strongly affected.

In stark contrast to previous waves of economic immigration from other countries, the phenomenon of Germans seeking work in Switzerland is creating social repercussions of its own because the Germans tend to find employment in technical, research, medical, financial, and managerial fields.

The cultural differences between the German-speaking Swiss and their German neighbors is such that the Swiss are reacting negatively to aspects of the German’s behavior. The Swiss have started referring to the German arrivals as “Schwoobe.”

Germans tend to be loud and boisterous, which annoy the sedate and discrete Swiss.
Also, the arrival of Germans in the Swiss-German labor market in positions of authority is something the Swiss are less used to. Previous waves of immigrants to the Zurich area (for example from Italy) were primarily in subordinate laboring fields.

The Germans’ manner of bringing conflicts into the open or stating their opinion directly and confrontationally if highly unwelcome in Switzerland, where attitudes and behavior at work is highly consensual.

Further, the generalized attitude among Germans that the Swiss are slow and placid workers doe not help the situation.

The fact remains that in the Basel and Zurich agglomerations there are numerous employment and career opportunities across the technical, research, health and hospital, private banking, and executive fields; the economy is strong and the qualified labor pool is insufficient.

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Living in Basel

Posted on 18 February 2007 by ThomasP

Basel is the third-largest city in Switzerland. It is located on the Rhine just at the intersection of the French and German borders. Basel is the capital of ‘Basel-Stadt.’ and borders the French Vosges, the Swiss Jura Mountains and the Black Forest of Germany. The two parts of Basel are connected by numerous bridges, as well as several ferries. The Mittlere brucke stands on the spot where the first bridge across the Rhine was built in 1225.

view of mittlere brucke basel switzerland

the marktplatz in Basel Switzerland

Basel is home to pharmaceutical fortunes Novartis and Roche which both have their headquarters there; the city has many job opportunities, as well as wide cultural offerings, restaurants and night spots. The job market in Basel pulls a substantial amount of labor from neighboring France and Germany where unemployment is much higher. The photograph below shows the Marktplatz (the 16th century red Rathaus is behind the photographer), one can see the Universal Job recruitment agency in the building on the right, and the famous Schiessel Tea Room and Pastry Shop on the left. Adecco and other well-known agencies also have offices in the city.


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