Swiss Referendum: Voters Reject 10 Million Population Cap Proposal

Swiss voters rejected a proposal to cap the population at 10 million, siding with companies and the government that warned of severe long-term growth damage. Big corporates like Roche, UBS, and ABB retain vital access to foreign labor. The next political flashpoint will be a referendum on updating EU relations, which could bring renewed economic risk. - Swiss voters reject 10 million population cap proposal - Immigration remains a polarizing issue in Switzerland - Major companies Roche, UBS, ABB retain access to foreign workers - Government study warned GDP could be 12% lower by 2100 if cap had passed - Economic fallout averted; big corporates benefit directly - EU treaty deal vote expected by 2028, seen as controversial and risky - Failure of that deal could have significant economic consequences