Bern, Switzerland (GenevaLunch) - Swiss work productivity fell by a record 3.3 percent during the first three months of 2009, compared to the same period a year earlier, reports wire service ATS, which mandated a study by BAK Basel Economics Institute. The sharp fall is explained by the sudden slowdown in Swiss industry while the number of employees remained relatively unchanged, as companies were just beginning to react to the global economic slowdown.
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Posted by Ellen Wallace on 29 June 2009 at 11:52 |
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This work by genevalunch.com is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.
News story, GenevaLunch, 29 June 2009.
Filed under: Business
Tags: BAK Basel Economics Institute, Swiss news, Switzerland, work productivity
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