Monday , December 2 2024
Home / le News / Switzerland’s cross border workers reach record level

Switzerland’s cross border workers reach record level

Summary:
At the beginning of the Covid pandemic there was talk of closing Switzerland’s borders. However, it was clear that Swiss hospitals and businesses near Switzerland’s borders would not function without the workers who cross the border daily to work for them, and the notion was dropped. Statistics published this week by the Federal Statistical Office (FSO) show the number of cross-border workers at record levels. © Krasnevsky | Dreamstime.comAt the end of September 2024, around 403,000 people residing in France, Germany, Italy and further afield crossed into Switzerland to work. This figure is 2.4% higher than at the the same point in 2023. The total number has grown by 19% in the five years since 2019 when the figure was 339,000. 57% of cross-border workers were resident in France,

Topics:
Investec considers the following as important: , , ,

This could be interesting, too:

Investec writes New data on Switzerland’s gender pay gap

Investec writes Swiss homeowners shun heat pumps in favour of gas and oil heating

Investec writes Swiss to vote on healthcare funding rule changes

Investec writes Swiss to vote on healthcare funding rule changes

At the beginning of the Covid pandemic there was talk of closing Switzerland’s borders. However, it was clear that Swiss hospitals and businesses near Switzerland’s borders would not function without the workers who cross the border daily to work for them, and the notion was dropped. Statistics published this week by the Federal Statistical Office (FSO) show the number of cross-border workers at record levels.

Switzerland’s cross border workers reach record level
© Krasnevsky | Dreamstime.com

At the end of September 2024, around 403,000 people residing in France, Germany, Italy and further afield crossed into Switzerland to work. This figure is 2.4% higher than at the the same point in 2023. The total number has grown by 19% in the five years since 2019 when the figure was 339,000.

57% of cross-border workers were resident in France, 23% resident in Italy, 16% in Germany and another 4% from further afield. At 112,000 (28% of the total), the canton of Geneva had the largest number of cross-border workers. Many of these people are Swiss citizens, who in search of a lower cost of living, have decided to move across the border and retain their jobs in Switzerland.

The 403,000 cross-border workforce is equivalent to 4.5% of Switzerland’s population and 7.6% of the nation’s workforce.

More on this:
FSO article (in French) – Take a 5 minute French test now

For more stories like this on Switzerland follow us on Facebook and Twitter.

About Investec
Investec
Investec is a distinctive Specialist Bank and Asset Manager. We provide a diverse range of financial products and services to our niche client base.

Leave a Reply

Your email address will not be published. Required fields are marked *