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| Compared to EU countries surrounding Switzerland, the labour laws here are very week. | |
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Labour laws here are
flexible, and thats a good thing. Flexible is what you require to overcome tough times such as now. Its the reason why Switzerland has the lowest unemployment rate in Europe. Here companies have the ability to soften economic impacts, i.e. employers can ask for productivity gains and a cut in salary during these times. Unfortunately with the impact of a slowing Eurozone and global economy, Switzerland wont escape.