Switzerland Extends Short-Time Work Support Due to US Tariffs

The Swiss government has extended its short-time work support program for companies affected by the impact of US tariffs on their operations. The program, which allows companies to reduce employees' working hours while the government covers a portion of their wages, was set to expire at the end of 2022 but has now been extended until the end of 2023. The move is a response to the ongoing economic challenges faced by Swiss companies due to the US tariffs, which have resulted in a decline in demand for their products. The extended support is intended to help these companies retain their skilled workforce and avoid layoffs during this difficult period. The Swiss government has recognized the need to provide assistance to businesses impacted by the US tariffs, which have disrupted international trade and affected the Swiss economy. The short-time work support program is seen as a crucial measure to help companies weather the storm and maintain their competitiveness in the global market.