The Local Switzerland

How much do workers in Switzerland earn - and which jobs are the best paid?

Mon, 09 Dec 2019 15:45:33 +0100

Wages are high in Switzerland - which is just as well due to the sometimes prohibitive cost of living. But how much on average do Swiss people actually earn - and which jobs are the best paid?

This is how many millionaires live in Switzerland

Thu, 09 Jul 2020 12:31:03 +0200

Despite the coronavirus pandemic, the number of millionaires in Switzerland rose in 2020.

'Swiss Surcharge': How residents of Switzerland overpay for consumer goods

Tue, 25 Feb 2020 14:53:55 +0100

Switzerland is famously expensive, but a new study has revealed just how much the ‘Swiss Surcharge’ costs each resident on average per year.

It's official! Switzerland is the most expensive country in the world

Tue, 04 Feb 2020 11:22:31 +0100

While anyone living in Switzerland might not have needed the reminder, a new study shows the cost of living in Switzerland is the highest of anywhere in the world.

'Everything is expensive': What worries you the most about life in Switzerland

Wed, 15 Jan 2020 19:10:54 +0100

From the rising cost of living to job insecurity, our readers told us what they were most worried about heading into 2020.

Federer toppled from tennis earnings topspot

Mon, 04 Apr 2016 15:37:25 +0200

World number one Novak Djokovic surpassed Swiss star Roger Federer as the highest-earning player in ATP Tour history on Sunday after capturing a third consecutive Miami Open crown with a 6-3, 6-4 victory over Japan's Kei Nishikori.

Swiss pay for qualified staff tops in Europe

Wed, 07 Jan 2015 00:21:00 +0100

Swiss salaries for qualified professionals and middle managers remain the highest in Europe, according to an international study done by Towers Watson, a human resource consulting and professional services firm.

Swiss salaries show real growth in 2012

Mon, 29 Apr 2013 15:39:00 +0200

Salaries in Switzerland are rising slowly but steadily. Last year they increased by an average 0.8 percent, according to government statistics.

Luxury giant Richemont sees sales soar

Thu, 06 Sep 2012 10:24:00 +0200

Swiss luxury goods group Richemont's sales catapulted by 23 percent year-on-year in the first five months of its 2012-13 accounting year, the company announced on Wednesday ahead of its annual assembly.

Insurer Zurich sees first-half profits surge

Thu, 16 Aug 2012 14:11:00 +0200

Swiss insurer Zurich Insurance Group said on Thursday net profit rose 13 percent in the first half of 2012 to $2.2 billion due to activities in emerging countries.

ABB blames strong dollar for dip in profits

Thu, 26 Jul 2012 19:32:00 +0200

Swiss engineering group ABB on Thursday reported a 26 percent drop in second quarter net profit to $656 million, blaming a stronger dollar for lower earnings.

Insurer Zurich sees net profit soar

Thu, 10 May 2012 11:42:00 +0200

Swiss insurer Zurich Financial Group on Thursday said net profit in the first quarter to March surged 78 percent to a better-than-forecast $1.1 billion (1 billion francs).

Swiss group Adecco posts profit rise

Tue, 08 May 2012 11:44:00 +0200

The world's biggest temporary staffing group Adecco said on Tuesday its first-quarter net profit rose 12 percent to €112 million ($146 million).

Swiss Re surprises analysts with huge gains

Fri, 04 May 2012 10:57:00 +0200

Reinsurance giant Swiss Re said Friday it had a first quarter net profit of $1.1 billion, beating
forecasts and more than reversing a year-earlier net loss of $665 million.

Swatch predicts strong growth in 2012

Fri, 02 Mar 2012 11:22:00 +0100

The world's biggest watch group Swatch on Thursday forecast 2012 sales growth of between five and ten percent.

ABB sees profits soar

Thu, 16 Feb 2012 10:28:00 +0100

Swiss engineering giant ABB on Thursday reported a 24 percent rise in net profit for 2011 to $3.2 billion while forecasting a tough start to 2012.

Nestle prepares for tough 2012

Thu, 16 Feb 2012 09:59:00 +0100

The world's biggest food company Nestle on Thursday posted forecast-beating 2011 net profit of 9.5 billion francs ($10.26 billion), but warned that 2012 would be tough.

Cash ticking in for Swatch as profits soar

Tue, 07 Feb 2012 15:08:00 +0100

The world's biggest watch group Swatch said on Tuesday its net profits jumped 18.1 percent to 1.3 billion francs ($1.4 billion) in 2011 and it expected to sustain growth this year.

Novartis profits down 7 percent in 2011

Wed, 25 Jan 2012 09:45:00 +0100

Swiss pharmaceutical group Novartis said on Wednesday its net profit dropped seven percent in 2011 to $9.2 billion.

Novartis cuts 2,000 US jobs after patent loss

Fri, 13 Jan 2012 15:39:00 +0100

Swiss pharmaceutical company Novartis has again drastically reduced its workforce in the United States to deal with the expiry of an important patent and its failure to get traction on other drugs,
the firm said on Friday.