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September 2022 unemployment and job news Zurich Switzerland

September 2022 Company Employment and Job News In Switzerland 07.09.22 Switzerland – Russian Sberbank becomes Swiss with a new name and over 60 jobs are saved The Russian owners and related intermediaries or investors within the group owning Sberbank (Switzerland) AG are selling the institution to Geneva-based m3 Groupe Holding SA. FINMA is closely overseeing the transaction and has temporarily lifted its protective shield and its control measures at Sberbank (Switzerland) AG to enable the transaction to complete. The Russian parent company of Sberbank (Switzerland) AG is selling its holding to Geneva-based m3 Groupe Holding SA. The “new” bank will continue its operations using its existing banking and finance license but under a new name. TradeXBank AG is buying Sberbank Switzerland which made c. CHF25 million profit ( 7-8%) last year with revenues of around CHF3 – 4 billion to CHF4 billion. Despite withdrawals of an estimated CHF1.5 billion in assets recently by non-sanctioned Russians, the bank will sit firmly in the top 20 largest Swiss banks. Link to: FINMA announcement 04.09.22 Zurich – Switzerland – Credit Suisse to shed 5,000 jobs near term in CEO re-organisation Credit Suisse has been like a cork bobbing up and down in

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July 2022 Unemployment Zurich Switzerland

July 2022 Unemployment Update Registered unemployed figures for July 2022 from the State Secretariat for Economic Affairs (SECO). What was the total number of people unemployed in July 2022 in Switzerland? The situation on the labour market in July 2022 According to surveys by the State Secretariat for Economic Affairs (SECO) of the local RAV offices, 91,474 unemployed were registered with the regional employment centers (RAV) in the month of July 2022, 1,037 fewer than in the previous month. The unemployment rate remained at 2.0% in the month under review, a marked decrease month on month compared to July 2021 when unemployment was 36,805 higher. Youth unemployment in July 2022 Youth unemployment (15 to 24 year olds) increased by 331 people (+4.3%) to 8,089, the good news, many found apprenticeships and other work compared to last year when the number of 15 to 24 year olds was 33.7% higher. Unemployed 50-64 year old “mature age” in July 2022 This statistic is a “view through a window” and whilst the number of unemployed 50-64 years fell by 969 people in the month of July, we all know the story is far more complex and many of the 10,833 people who are

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January 2022 unemployment and job cuts Zurich Switzerland

January 2022 Unemployment Update Registered unemployed figures for January 2022 from the State Secretariat for Economic Affairs (SECO). What was the total number of people unemployed in January 2022 in Switzerland? Registered unemployment in January 2022 according to the State Secretariat for Economic Affairs (SECO) was a total of 122,268 people registered as unemployed. This was an increase of 540 who had registered at the RAV (Regional Employment Centres) on the number for December 2021. The unemployment rate remained at 2.6% in the reporting month. The headline comparison to the same month last year, was a reduction of 28% in the unemployment number ( 47,485 people). The comparison looks like a bright ray of sunshine, yet it masks the hidden problem of many people who came off the register or who decided not to continue to register as unemployed because they were not receiving any benefits. The Youth Unemployment Numbers For January 2022 Youth unemployment (15- to 24-year-olds) decreased by 169 persons (-1.6%) to 10,400. Again COVID issues mask the picture, a good number unable to secure an apprenticeship stayed on to study courses or “go back to school” because it was almost impossible to find work in 2021 for many.

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June 2021 Swiss vote environment CO2 and terrorism law (1)

June 2021 Vote – Environment – Water – CO2 – Pesticides – Security

Contents Clean Drinking Water and Healthy Food – linking subsidies to pesticide use The Swiss electorate will vote on the Popular Initiative which links federal subsidies and their control or withdrawal because of a farmer using pesticides and prophylactic antibiotics on his farm. A new range of environmental conditions will also be introduced requiring compliance by the farmer in order to protect local water supplies and their surrounding environment. The onus will be on them to prove their ecological credibility and compliance in a number of areas including: Plant protection The use of fertilisers Animal husbandry Biodiversity support It is seen as a city v rural initiative and many involved in seeking the initiative vote believe the measures have been watered down and do not go far enough. In their opinion, direct subsidies continue to support a system of agriculture that is not good for the environment and leads to polluted drinking water. There is a belief amongst farmers the initiative is not well thought out. The farmers believe the June vote will result in further measures being requested of the politicians which are believed to include: Direct subsidies linked to stringent compliance of: No pesticides use (Federal authorities will

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2021 emmployment news Zurich Switzerland New In Zurich

February 2021 unemployment and job cuts Zurich Switzerland

February 2021 Unemployment Update Registered unemployed figures for February 2021 from the State Secretariat for Economic Affairs (SECO). What was the total number of people unemployed in February 2021 in Switzerland? According to surveys by the State Secretariat for Economic Affairs (SECO) a total of 167,953 unemployed persons were registered with the Regional Employment Centres (RAV) at the end of February 2021. The decrease of unemployed persons registered with the regional employment centres (RAV) was down by 1,800 on 31 Jan 2021. Here begins the fun and games as many long-term unemployed start to drop off the unemployment register. The hidden “job seekers” and mature age (over 45yrs old as well) who will live off their pensions and savings and de-register make this decrease “fiction” not fact. What was the unemployment rate in Switzerland in February 2021 as compared to January 2021? The registered unemployment rate in Switzerland in February 2021 was 3.6% down by 0.1% on the rate for January 2021. How did the number of people unemployed in Switzerland in February 2021 compare to 12 months earlier in February 2020? There was an increase in the number of people unemployed in January 2021 as compared with January 2020

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07 March 2021 Swiss Vote For Burka Ban

Swiss ‘burka ban’ Accepted By Majority – To Become Law The first national votes of 2021 brought international surprise and the expected “yes” vote for the burka ban. Switzerland voted for a ban on facial coverings including the Muslim burka and niqab in public spaces. Full facial veils will still be allowed to be worn inside places of prayer and for “native customs”, such as carnival. Face coverings worn for health and safety reasons are also exempt from the ban. The vote was not an anti-mask Covid-19 pandemic reaction vote. How many people does the burka ban impact in Switzerland? It is estimated to impact about 50 people in total in a population of close to 8.5 million. It does raise the question about how deep the Swiss thought about this topic before they voted. No-one has answered the question “How does this impact the wearing of a black veil on the train to go to a funeral or a person wearing a heavy lace veil for a public photo shoot?” They may be extreme situational highlights, yet it only takes one person to call the police and to “create a scene” even in the most innocent of situations. Next

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January 2021 unemployment and job cuts Zurich Switzerland

January 2021 Unemployment Update Registered unemployed figures for January 2021 from the State Secretariat for Economic Affairs (SECO). What was the total number of people unemployed in January 2021 in Switzerland? According to surveys by the State Secretariat for Economic Affairs (SECO) a total of 169,753 unemployed persons were registered with the Regional Employment Centres (RAV) at the end of January 2021. The increase of unemployed persons registered with the regional employment centres (RAV) was up by 6,208 on December 2020. What was the unemployment rate in Switzerland in January 2021 as compared to December 2020? The registered unemployment rate in Switzerland in January 2021 was 3.7% up by 0.2% on the rate of 3.5% in December 2020 to 3.7%. How did the number of people unemployed in Switzerland in January 2021 compare to 12 months earlier in January 2020? There was a significant increase in the number of people unemployed in January 2021 as compared with January 2020 in Switzerland. The increase in the number of registered unemployed people was 48,735 people, up by 40.3% on the number unemployed in the month of Jan 2020. What was the youth unemployment situation in January 2021 Youth unemployment (15-24 year olds)

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Where to get a German course in Zurich in 2021

A lot of options exist as to where to get a German course in Zurich More than 500 German language courses are offered by dozens of schools in Zurich as well as independent teachers registered as self-employed in the city commercial register. There has been an explosion in course offerings as a result of the new language requirement tests for those seeking to get a working/residency permit in Switzerland. For many, personal referral is the best way forward, why? an assessment test prior to learning will help you to be learning with others at the correct level. One member Zürich Networking Group member thought he was a B2 ( Upper Intermediate ) level only to discover the teacher was using Kafka as course content. Needless to say, there was no pre-enrollment assessment test at that school. they had a “Probelektion” policy instead. One lesson to assess if the course was for you for free. It is why you need to read the terms and conditions in detail and do not be afraid to speak in English, French or Italian to get your answers. Why? If you have a Probelektion or trial lesson and then decide to go on, securing a

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October 2020 Unemployment News and Company Job Cuts Switzerland

October Unemployment figures from the State Secretariat for Economic Affairs (SECO) awaited. October 2020 Job Cut Announcements 30/10/2020 Swarovski shareholders approve 6,000 job cuts and hundreds of store closures Swarovski shareholders approved the biggest overhaul in the crystal maker’s 125-year history, including 6,000 job cuts, after years of heated discussions among factions of the founding family. The decision means various Austrian and Swiss units will be folded into an Austrian family company with the headquarters remaining in the Alpine town of Wattens, near Innsbruck. The new structure should allow faster decisions about new products, personnel and investments, management has said. While legal disputes are likely to follow, the company has said it won’t stop the process. Buchbauer has said the company needs to offer fewer but more exclusive items under its own brand, and cut back its network of 3,000 boutiques. The 6,000 previously announced job cuts equal about 20% of Swarovski’s workforce. The turnaround will take two to three years to execute as sales are expected to fall by about a third this year. Read Full Press Release On Bloomberg.com 12/10/2020 RUAG International reacts to Covid-19 impact and accelerates job cuts RUAG International will accelerate its transformation to ensure its

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2020 November Covid-19 Coronavirus Zurich Switzerland In English

2021 not far away, no-one traveling for Christmas, this is the last public post. Stay healthy and let us all wish everyone a lovely Christmas and we hope a happy New Year. Quick Links by weekly headers for November 2020 Switzerland – Coronavirus infoline +41 58 463 00 00 Daily 24 hours Infoline only operates from 6am–11pm Please note: Infoline does not provide any medical advice. Latest News This Month 30.11.2020 – Current Coronavirus COVID-19 Positive Test and Hospitalized Numbers in Zurich including weekend cases and reported fatalities Canton Office of Public Health Confirmed: Number of cases tested positive: 1,528 Number of hospitalised cases: 410 Number of hospitalised cases on a ventilator: 57 Number of deaths: 20 For more information: Zurich Canton Health Offices – gd.zh.ch 30.11.2020 – Current Coronavirus COVID-19 Positive Test and Hospitalised Numbers in Switzerland since Friday. Federal Office of Public Health Confirmed in Switzerland Number of cases tested positive: 8,782 Number of hospitalised cases today: 399 (BAG warn on accuracy) Number of deaths in Switzerland Total: 195 For more information: Federal Health Offices – bag.admin.ch 30.11.2020 – Coronavirus COVID-19 Snapshot – Hospitalisations and Intubated / Intensive Care Patient Numbers 30.11.2020 – Coronavirus COVID-19 Snapshot – 14 Day Averages

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