Please wait...
GulfBase Live Support
Leave a message and our representative will contact you soon
- MSX-listed industrial firms shine following signing of Oman-India CEPA
- Visa partners with Aldar to complete first end to end voice-enabled agentic payment in the region
- UAE accelerates toward 2026 with unmatched financial and digital strength
- Qatar records 34 more LNG cargoes in 11 months up to November: GECF
- Oman, Türkiye aim to raise bilateral trade to $5bn over next five years
- NBB signs deal with Procural to boost digital procurement capabilities
- Basrec partners with Lumofy to build future-ready workforce
- Burjeel Holdings appoints Dr Shamsheer Vayalil as CEO too
- Alba contains industrial fire safely
- ADNOC secures $2bn K-Sure-backed green projects funding
23/06/2009 00:00 AST
The Swiss Trade Union Federation, which represents about 380,000 employees in 16 different sectors, said that short-time work was a viable option to prevent collective dismissals.
The federation urged the authorities to extend the period of short-time work, where employees agree to work fewer hours than usual, from 18 months to 24 months.
Companies which benefit from state assistance should be obliged to keep their staff until the economy picks up again and mass sackings should be made conditional on salary caps for management, trade unions said on Monday.
They want Swiss labour laws follow European regulations, including allowing improved consultation guarantees for employees.
A survey published earlier this month found that four out of every ten Swiss companies are planning to lay off staff over the next 12 months to deal with the economic downturn.
The government last week unveiled a third stimulus package worth SFr750 million ($688 million) to stabilise the job market.
The economics ministry expects the jobless rate to soar to 5.5 per cent next year from 3.4 per cent last month.
swissinfo.ch
| Ticker | Price | Volume |
|---|
| Index | Closing | Change |
|---|---|---|
| NIKKEI 225 | 36,581.76 | -251.51 (-0.68 |
| DAX | 18,699.40 | 181.01 (0.97 |
| S&P 500 | 5,626.02 | 30.26 (0.54 |
22/12/2025
Japan unveiled a five-year goal on Saturday for business projects totalling $19 billion in Central Asia as Tokyo vies for influence in the resource-rich region.
The announcement came after P
Asharq Al Awsat
22/12/2025
The World Bank said on Friday that it has approved $700 million in financing for Pakistan under a multi-year initiative aimed at supporting the country's macroeconomic stability and service delivery.
Asharq Al Awsat
19/12/2025
President Donald Trump promised Americans an economic boom in an address to the nation on Wednesday, while blaming Democratic predecessor Joe Biden for high prices that have hit the Republican's popu
AFP
19/12/2025
A potent rebound in global M&A is on track to deliver the second-highest total deal value on record in 2025, at a projected $4.8 trillion for the year, up 36% versus 2024, according to a report by Ba
Trade Arabia
18/12/2025
German business sentiment fell to its lowest level in seven months in December, a survey showed Wednesday, with Europe's beleaguered top economy set to end the year on a gloomy note. The Ifo institut
AFP
Financial Information Co.
Saudi Arabia