Swiss add $14bn to jobless fundChristian Fernsby ▼ | May 21, 2020
The Swiss government Wednesday moved to inject over 14 billion francs ($14.5 billion) into its unemployment insurance system, as requests from companies poured in seeking help for workers representing 37% of the wealthy Alpine country’s total workforce amid the coronavirus pandemic.
Requests Swiss national bank
He said Switzerland’s unemployment rate, which is low by international standards, rose to 3.4% from 2.5% in March, and is expected to top 4% next year. The Federal Council, Switzerland’s seven-member executive body, announced plans to inject 14.2 billion francs to the state unemployment insurance system. ■