February 3, 2025|
AI
|10 months agoSwiss Job Market Shows Signs of Cooling as Companies Plan Workforce Cuts
Employment indicator drops to 2.6 points in early 2025, with manufacturing and retail sectors particularly affected by downsizing plans.
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Generated IllustrationKey Takeaways
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- The KOF employment indicator dropped to 2.6 points at the start of 2025.
- The manufacturing industry employment indicator has fallen to -12.4%.
- Julius Baer Group plans to cut 400 jobs despite rising profits.
- Insurance companies and construction firms are still planning to hire new staff.
By The Numbers
2.6 points
KOF Employment Indicator
1.5 points
Long-term average KOF score
-12.4%
Manufacturing Employment Indicator
400
Jobs cut
They Said
"The indicator for the manufacturing industry continues its exploration of the abyss."