Switzerland | Corona crisis

Every second business at risk

Since 22 December 2020, Swiss restaurants, such as this one in Zurich (pictured), have also been closed due to the Corona infection. The shutdown was extended at the beginning of January.
imago images / Geisser
Since 22 December 2020, Swiss restaurants, such as this one in Zurich (pictured), have also been closed due to the Corona infection. The shutdown was extended at the beginning of January.

By the end of March, half of all businesses in the hospitality industry will go out of business if they do not receive immediate financial compensation now. This is shown by a current member survey, according to the Swiss industry association GastroSuisse. It is now up to the Federal Council on Wednesday to prevent a nationwide slash and burn and thus a third wave of layoffs in the hospitality industry.

With every Corona wave comes a wave of layoffs. This is shown by a current member survey of GastroSuisse, in which more than 4,000 businesses participated. Already in spring 2020, there was a wave of dismiss als. This has now intensified. In the months of November and December, a second wave of layoffs followed in the hospitality industry: almost 60 percent of all establishments that gave notice during the year also had to lay off employees at the end of the year."If the Confederation does not act now, a third wave of layoffs is imminent in the industry", Casimir Platzer, president of GastroSuisse, sounds the alarm. As early as October, GastroSuisse warned that 100,000 jobs were at risk.

The situation has now worsened in recent months and especially with the Federal Council's decision to close restaurants. According to the survey, almost half of all businesses would give up by the end of March 2021 if they did not receive immediate financial compensation now. Before the crisis, more than 80 percent of the businesses had good to very good liquidity. That has now turned into the opposite, he said. "Many of them are even threatened in their existence if they do not receive money now", warns Platzer.

Almost all need financial aid

The survey showed that 98 percent of businesses in Switzerland urgently needed financial help, he said. "Seven out of ten farms have already submitted an application for financial help - or will certainly do so," Platzer stresses. Only 1.5 percent of all establishments said they could get by without financial support. GastroSuisse now demands that the Federal Council shows courage on Wednesday and compensates the hospitality industry immediately and without complications financially."Only in this way can a nationwide clear cut in the hospitality industry be prevented," warns Platzer.

About GastroSuisse
GastroSuisse is the association for the hotel and restaurant industry in Switzerland. The organisation, which was founded in 1891, promotes the interests of the industry. GastroSuisse is the largest employers' association in the hospitality industry with around 20,000 member companies (including around 2,500 hotels), organised in 26 cantonal associations and four specialist groups.
stats