Swiss Senate votes to extend short-time working to counter tariffs

The Swiss Senate has approved the extension of short-time working compensation from 18 to 24 months in the face of United States tariffs. +Get the most important news from Switzerland in your inbox Businesses have demanded the measure since since tariffs were raised. It has now cleared the first parliamentary hurdle. According to the parliamentary chamber, Swiss companies should in future be able to receive short-time working compensation for up to 24 months instead of the current 18 months. + How US tariffs are impacting the Swiss economy The bill is aimed primarily at companies in the tech industry and their suppliers, which have been suffering from economic weaknesses for two years and have already introduced short-time working. Added to this are the tariffs of 39% imposed by the US for an indefinite period. According to the Senate, this new situation is the main reason why the tried-and-tested instrument of short-time working should be extended for a limited period until the ...