{
}
Swiss banks are significantly reducing their hiring, with job openings dropping to 550 by the end of April, a 25% decrease from April 2024 and a 40% decline since spring 2023. UBS, Raiffeisen, and Julius Bär are among the institutions experiencing notable contractions, while Lombard Odier and Vontobel are exceptions.
Swiss banks are significantly reducing their hiring, with job vacancies dropping to 550 by the end of April, a 25% decrease from the same month in 2024 and a 40% decline compared to spring 2023. UBS has seen a 23% contraction, while including Credit Suisse's previous listings raises this to 36%. Other institutions like Raiffeisen, Julius Bär, and Zurich Cantonal Bank also report declines, with only Lombard Odier and Vontobel showing an increase in vacancies.
UBS has implemented a new monitoring system to track employee attendance in the office, requiring staff to be present at least three days a week. While the bank claims this initiative aims to enhance collaboration, many employees are concerned about potential impacts on their bonuses. This move reflects a broader trend among companies tightening home office policies amid ongoing debates about remote work.
The job market for bank employees in Switzerland is contracting, with the ten largest banks advertising 25% fewer positions in April compared to the previous year. UBS and Credit Suisse are notably impacted, with job postings down 23% and 36%, respectively. Overall, vacancies are over 40% lower than in spring 2023, reflecting a broader trend of declining job opportunities in the sector.
Sentiment among Switzerland's small and medium-sized exporters improved in April, with the PMI SME index rising to 50.9 points, driven by increased activity and demand. However, concerns over escalating trade conflicts with the USA persist, as nearly 70% of exporters anticipate further tariff hikes, creating significant uncertainty. While some companies remain optimistic about potential tax reductions, the overall outlook remains fragile, particularly as global economic growth may be impacted by ongoing trade tensions.
German wholesale prices for milk fat remain stable, with contract-bound packet butter priced at 7.40 to 7.80 euros/kg and block butter at 7.25 to 7.40 euros/kg. Whole milk powder has decreased slightly to 4.33 to 4.45 euros/kg, while skimmed milk powder in feed quality is now at 2.28 to 2.31 euros/kg. Despite a 0.9% increase in milk volume recorded by dairies, there is still a 1.4% shortfall compared to last year.
nCino, Inc. has partnered with Banque Raiffeisen, Luxembourg’s only cooperative bank, to digitize its loan and credit chain management, enhancing operational efficiency and regulatory compliance. This collaboration marks nCino's entry into the Luxembourg market, expanding its global customer base. The partnership aims to leverage AI-driven solutions to transform banking experiences and meet evolving customer needs.
Raiffeisen Research reports a significant decline in housing investment, with a 20% drop since 2022. However, easing interest rates and higher household incomes in Lower Austria are making home ownership more affordable, particularly for single-family homes priced between €300,000 and €400,000. Despite rising demand for rental properties, the market still faces challenges, including a lack of affordable new builds and regional price disparities.
Raiffeisen Asset Management is undergoing significant digital transformation, highlighted by the acquisition of Savity to enhance automated wealth management. With a current client base of 3,000 and a volume of €1.2 billion, the firm aims to grow by offering more individualized asset management products while maintaining the essential role of advisors in managing larger investments. The transition to a new technical platform is set to begin early next year, with a focus on meeting the evolving expectations of a younger, more digitally savvy clientele.
Home ownership in Switzerland is increasingly financed through pension funds, with the use of Pillar 3a and 2nd pillar funds rising from 7% before 2000 to 33% since 2011. This trend poses risks for future retirement benefits, as many homeowners do not plan to replenish their pension accounts after withdrawals. Financial experts urge long-term planning to mitigate potential retirement gaps.
Raiffeisenfonds-Wachstum T
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Swiss banks significantly reduce staff hiring amid ongoing job market contraction
Lombard Odier Funds - Asia Value Bond
Vontobel Holding AG
Raiffeisenfonds-Wachstum T
Credit Suisse Real Estate Fund Siat
CHE
Show more
15:00 05.05.2025
Swiss banks significantly reduce job vacancies amid ongoing employment contraction
Lombard Odier Funds - Asia Value Bond
Vontobel Holding AG
Raiffeisenfonds-Wachstum T
Credit Suisse Real Estate Fund Siat
CHE
Show more
12:31 05.05.2025
ubs implements monitoring system to enforce office attendance rules
United States Dollar
J.P. Morgan Access Multi-Strategy Fund II FUND
Sulzer AG
Raiffeisenfonds-Wachstum T
The Goldman Sachs Group, Inc.
USA
CHE
Suzanne Thoma
Show more
11:33 05.05.2025
job market for bank employees in switzerland sees significant decline
Swiss Franc
Lombard Odier Funds - Asia Value Bond
Zürcher Kantonalbank
Julius Bär Gruppe AG
Vontobel Holding AG
Raiffeisenfonds-Wachstum T
Credit Suisse Real Estate Fund Siat
CHE
Show more
09:53 05.05.2025
Swiss SME exporters show cautious optimism amid trade conflict concerns
09:30 02.05.2025
stable butter prices and slight declines in milk powder costs
06:58 02.05.2025
nCino enhances financial services with AI solutions for improved customer experiences
08:40 30.04.2025
Lower Austria sees improved affordability in housing market amid economic shifts
18:30 29.04.2025
digital transformation in asset management reshapes client expectations and services
15:46 28.04.2025
Swiss pension funds increasingly tapped for home purchases raising retirement concerns
12:49 26.04.2025
Trending
Subcategory
Corporate News
Venture Capital Investments
Industry Trends
Startups & Entrepreneurship
Fintech Startups
Funding Rounds & Investments
Emerging Startups
AI Innovations
Cryptocurrency Trends
Retail and Consumer Goods
AI Applications
Economic Indicators
Government Economic Policies
Global Trade Developments
Crypto Policies and Governance
Stock Market Updates
Supply Chain Management
IPOs & SPACs
Crypto Adoption and Integration
Green Technology
Countries:
Companies:
Google Inc.
Nvidia Corporation
Microsoft Corporation Corp.
Google LLC
Intel Corporation
Joby Aviation Inc.
Toyota Motor Corporation
Scalable Capital GmbH
Bpifrance SA
Globalfoundries Inc.
Zero Networks Ltd.
Xiaomi Corporation
Li Auto Inc.
Luxshare Precision Industry Co. Ltd.
Wens Foodstuff Group Co. Ltd.
Constellation Energy Group Inc.
Advanced Micro Devices Inc.
Apple Inc.
Deutsche Telekom AG
Kamari Pharma Ltd.
Currencies:
United States Dollar
Euro
Indian Rupee
Chinese Yuan
South Korean Won
Japanese Yen
Qatari Riyal
Offshore Chinese Yuan
United Arab Emirates Dirham
People: