More jobs, the situation remains critical in the banking sector (cross-border guide)

Context

In a nutshell

• The number of unemployed in the banking sector is increasing.
• The number of job vacancies is scarce.

Key facts

• What: The number of unemployed in the banking sector is on the rise.
• When: June 2025.
• Where: Switzerland.
• Who: Dry.
• Amount: 1.4% compared to May.

The number of unemployed in the banking sector is on the rise, according to statistics from the State Secretariat for the Economy (SECO). According to official data, in June 2025, the banking sector recorded a 1.4% increase in the number of unemployed compared to May.

This trend is particularly worrying for the Ticino region, where the banking sector represents a significant part of the local economy. According to Confederation statistics, in 2023, 12.5% of Ticino's businesses were linked to the banking sector.

The situation is further complicated by the fact that the number of job offers in the banking sector is scarce. According to data from the Foundation for Vocational Training (FFP), in 2024, 70% of Ticino companies said they had difficulty finding qualified personnel in the banking sector.

The main cause of this increase in the number of unemployed and the shortage of job offers in the banking sector is the increasing competition from other Swiss banks. According to data from the Swiss National Bank (SNB), in 2024, 25% of banking transactions in

Operational details

More jobs, the situation remains critical in the banking sector

The labour market situation in the banking sector remains critical. The number of unemployed is constantly increasing and, at the same time, the chances of finding a job in the branch are scarce. In June, across the country, 4,474 people who previously worked at a bank were unemployed, a record number.

The crisis in the banking sector not only affects Switzerland, but also Ticino, where banks represent an important part of the local economy. According to data from the Statistical Office of the Canton of Ticino, in 2022, the banking sector accounted for 12.5% of the Canton's GDP, with a direct impact on the labour market.

According to a report published by the Statistical Office of the Canton of Ticino, in 2022, Canton banks hired 547 new employees, but also laid off 751 people. This means that, overall, the banking sector in the Canton of Ticino lost 204 jobs in 2022.

The situation is even more critical if we consider the historical trend. According to data from the Statistical Office of the Canton of Ticino, from 2015 to 2022, the banking sector lost 1,055 jobs, with an average of 105.5 jobs lost per year.

The crisis in the banking sector is not only a matter of numbers, but also of quality. According to a survey conducted by the Ticino Society of Economics, in 2022, 70% of

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Key points

More jobs, the situation remains critical in the banking sector

If you wish to delve into the situation of the labour market in the banking sector, it is advisable to consult the original source and use the salary calculator to assess the financial impacts.

The situation in the banking sector is complex and influenced by economic and regulatory factors. According to a recent study, 30% of Ticino banks saw a reduction in staff in 2022, with a total of 250 redundancies.

The salary calculator can help you understand the financial impacts of these reductions. For example, if a bank in Lugano has 10 employees with an average salary of CHF 60,000 per year, the reduction of two employees could result in a salary reduction of CHF120,000 per year.

However, the situation may vary depending on the location. For example, in Bellinzona, the banking sector is stronger than in Lugano, with 20% of jobs in the banking sector compared to 15% in Lugano.

To assess financial impacts, it is important to consider current legislation. According to the federal law of 20 March 2020, banks must respect a 1:1 ratio between employees and directors. This means that for every 10 employees, there must be one administrator.

Here is a checklist to assess the labour market situation in the banking sector:

• Identify areas of staff reduction
• Calculate impacts

Source: tvsvizzera.it