Bankruptcy proceedings opened against businesses and individuals increased by 6.6% in 2022 compared with 2021, according to the Federal Statistical Office (FSO).
This is a smaller increase than between 2020 and 2021 (+9.1%), but nevertheless remains significant, notes an FSO press releaseExternal link on Wednesday. “Indeed, this evolution remains twice as high as the average rate observed in the five years preceding the pandemic,” it says.
The total number of bankruptcies was 15,009 in 2022. These latest statistics exclude the dissolution of companies due to organisational shortcomings.
Cantons Ticino, Bern and Zurich recorded the highest increases, with respectively 323, 222 and 183 additional cases compared with 2021. Some ten cantons saw a decrease in cases, including Geneva (-55 cases) and neigbouring Vaud (-131 cases).
The total amount of financial losses resulting from bankruptcy proceedings has fallen significantly. At CHF2.4 billion ($2.6 billion) in 2022, it returned to a level similar to the years before the pandemic, according to the press release. It notes that in 2020 and 2021, these amounts were particularly high (CHF8.2 billion and CH4.2 billion respectively), following significant losses in a few individual cases.
Popular Stories
More
Multinational companies
Azeri fossil-fuel cash cow brings controversy to Switzerland
Is artificial intelligence an advantage or a disadvantage for workers?
What is your experience with AI at work? Have you already used it? Has it helped you work better? Or has it caused you more stress, more work or caused you to lose your job? Tell us about your experiences!
Swiss price watchdog slams excessive prices for generic medicines
This content was published on
The cheapest generic medicines available in Switzerland are more than twice as expensive as in other countries, according to a study by the Swiss price watchdog.
Nature should not figure in net zero calculations: academic study
This content was published on
The natural removal of CO2 from the atmosphere by forests or oceans should not be included in the net-zero balance of climate protection measures, argue researchers.
This content was published on
None of the 15 major Swiss retail banks is meeting international climate and biodiversity targets, according to a ranking by WWF Switzerland.
This content was published on
Nestlé's new CEO Laurent Freixe, has presented plans for the future of the world's largest food company, after his first few weeks in office.
Swiss foreign minister calls on Moscow to end Ukraine war
This content was published on
It's high time Moscow ended its war against Ukraine, Swiss foreign minister Ignazio Cassis tells the UN Security Council.
This content was published on
The only alternative to the UN Palestinian agency’s work in Gaza is to allow Israel to run services there, Philippe Lazzarini, UNRWA Commissioner-General, told reporters in Geneva on Monday.
Study reveals food culture differences between Switzerland and neighbours
This content was published on
Three-quarters of Swiss people consider eating to be a pleasurable, social activity, a new survey reveals. Healthy eating, however, plays a much less important role, it found.
This content was published on
Health food retailer Müller will close down 37 stores, employing 298 staff, in Switzerland amid poor trading conditions and mounting debt.
Bankruptcies rise as coronavirus bail-outs phase out
This content was published on
The number of companies and individuals declaring bankruptcy rose 9.1% last year, which coincided with a gradual withdrawal of state-backed financial support during the Covid-19 pandemic.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.