In 2023, there were again significantly more restructurings, downsizing projects and redundancies.
“The years 2021 and 2022 were dominated by economic growth after the coronavirus pandemic, but the labour market almost returned to normal in 2023,” according to the Rundstedt labour market barometer published on Tuesday.
The job placement specialist explained that companies had once again carried out more smaller and larger downsizing or reorganisation projects. Companies have also reduced overcapacity in the process.
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Switzerland’s labour shortage dilemma: Why tax cuts are not a solution
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Switzerland is experiencing a labour shortage. In this market, part-time work becomes part of the problem. However, it is difficult to set incentives.
According to Rundstedt, employees in the pharmaceutical industry in particular were again increasingly affected by redundancies. Accounting for 30% of all redundancies, the pharmaceutical sector led the industry comparison. In 2022, only 26% of redundancies were in this sector, compared to just 17% in 2021.
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