Swiss voters rejected the population cap, preventing a negative economic fallout. Big Swiss corporates like Roche, UBS, and ABB will keep access to foreign labor, which they previously stated is absolutely vital for their operations.
Swiss voters rejected the population cap, preventing a negative economic fallout. Big Swiss corporates like Roche, UBS, and ABB will keep access to foreign labor, which they previously stated is absolutely vital for their operations.
Swiss economy benefits from rejected immigration cap
The narrow rejection of the population cap referendum avoids a threat to the EU free movement treaty, which is essential for big Swiss companies to recruit foreign workers; economists argued the cap would harm the economy, and the outcome is seen as positive for the Swiss economy overall, with the country having 'dodged a bullet'.