Wave of layoffs is rolling towards these industries

In view of the new restrictions to combat the corona pandemic, the Swiss Employers’ Association (SAV) expects further job cuts in several industries. The gastronomy, machine, electrical and metal industry (MEM) industry and parts of the wholesale and retail trade are likely to be particularly affected.

“It is precarious in mechanical engineering and tourism,” said SAV chief economist Simon Wey on Thursday in an online media conference to present the employers’ association’s new employment barometer. The MEM was hit by the Corona crisis at a time when it was already struggling with a strong Swiss franc and a sharp drop in demand from the EU, the USA and China.

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