Jump to content
Your browser is out of date. It has known security flaws and may not display all features of this websites. Learn how to update your browser[Close]

Staying competitive

Swiss Railways plans to axe 900 jobs by 2020

The state-owned rail network, Swiss Federal Railways, plans to cut 900 jobs as part of efforts to save at least CHF550 million ($551.6 million) a year until 2020. It blames competition from road transport and a steep rise in costs in the railway sector. 

The efficiency measures announced on Thursday are part of a review of costs and services dubbed "RailFit20/30", aimed at making the company more competitive. However, definitive measures will only be finalised next summer after consultation with the firm McKinsey. 

Swiss Railways said the job cuts were the result of rising costs associated with providing new services, expensive new infrastructure investments like the Zurich cross-city link, and additional maintenance work. It expects the cost of transporting passengers and goods by road to drop significantly in the medium to long-term, making it necessary to ensure that rail charges stay the same or increase only moderately. 

However, even more ambitious belt-tightening measures are in store post 2020, as the Swiss rail giant plans to save up to CHF1.75 billion every year by 2030. 

“Additional job cuts might be necessary," it said in a statement. 

The company added that as far as possible the reduction in posts will be achieved through natural fluctuations and retirements. At the end of 2014, the company employed 32,730 staff.

swissinfo.ch and agencies


All rights reserved. The content of the website by swissinfo.ch is copyrighted. It is intended for private use only. Any other use of the website content beyond the use stipulated above, particularly the distribution, modification, transmission, storage and copying requires prior written consent of swissinfo.ch. Should you be interested in any such use of the website content, please contact us via contact@swissinfo.ch.

As regards the use for private purposes, it is only permitted to use a hyperlink to specific content, and to place it on your own website or a website of third parties. The swissinfo.ch website content may only be embedded in an ad-free environment without any modifications. Specifically applying to all software, folders, data and their content provided for download by the swissinfo.ch website, a basic, non-exclusive and non-transferable license is granted that is restricted to the one-time downloading and saving of said data on private devices. All other rights remain the property of swissinfo.ch. In particular, any sale or commercial use of these data is prohibited.