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S U B S C R I B E
Tuesday, 8 November, 2011
Employers say job cuts may continue
Business owners made their plea yesterday for a freer hand in light of the uncertain economic times. Their recipe isn’t one that unions will want to hear: The Swiss Employers Association says longer working hours, smaller salaries or, in some cases, even salaries in euros will be needed. This comes after a barrage of layoff announcements by companies from across the economy from Novartis to Kudelski to Credit Suisse. Valentin Vogt is president of the Swiss Employers Association. He told WRS’s Jordan Davis that the heart of the problem is an overvalued franc:
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Comments
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The real problem in Switzerland that no one in Switzerland itself wants to address (and they want use every other excuse except it) is…the cost of living in Switzerland is way out of line with most other places in the world. Europe as a whole has a high cost of living. But no where near the cost of in Switzerland. Until this and only this problem is addressed…things here will remain the same. Prices for ordinary day to day living need to come down drastically.
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