Tag Archives: Worker shortage Switzerland

As more baby-boomers – born from 1946 to 1964 – retire, Switzerland will faces a shortage of workers, according to Credit Suisse, a bank. © Georgerudy | Dreamstime.comEconomists at the bank estimate that 1.1 million people in Switzerland will retire over the next 10 years, a figure which includes nearly 800,000 people currently working. By 2021, there will be more people leaving the job market than joining it. The current peak in Switzerland’s age pyramid is 55 years old, the age of...

The Swiss bank UBS estimates there could be a shortfall of 500,000 workers in Switzerland in the coming 10 years as the baby boomer generation retires. © Sebnem Ragiboglu | Dreamstime.comHowever, the bank predicts the shortfall will not be even across all industries. Some sectors are expected to stagnate. Workers in these industries might find it harder to find work. Demand for workers is expected to be high in the health and care sectors but low in manufacturing. In general, growth is...