The number of unemployed bank employees is rising steadily as the number of vacancies in the banking sector remains at a low level. Across Switzerland, 4,474 people who had most recently worked in a bank were registered as unemployed with regional job centres in June. This brings the number of unemployed bankers to a record high – the figure has risen by 1.4% since May alone. And over the past year, the figure has risen by almost 24%, according to statistics published last week by the State Secretariat for Economic Affairs (SECO). + Do young Swiss still want to become bankers? The difficult labour market situation in the banking sector is particularly acute in the canton of Zurich. There alone, over 1,500 former bank employees are registered as unemployed. Within a year, the number of unemployed bankers has swelled by over a third. Given the reorganisation at the major bank UBS following the takeover of Credit Suisse, this situation is unlikely to change much. Meanwhile, the ...
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