French pharmaceutical group Sanofi said on Tuesday that it intends to shed 900 jobs in France by the end of 2015.
The company said in a statement that the measure was essential but that the cuts would be made mainly on a voluntary basis.
A spate of job cuts and restructuring by industrial companies is a central concern for President Francois Hollande's Socialist administration.
The government is preparing its first budget, for 2013, with growth, fighting unemployment but also reducing the budget deficit at the top of its priorities.
Despite modest gains, Switzerland’s job market remains slow to rebound from the coronavirus pandemic. There is however one industry where demand is far outstripping supply.
Results from the third quarter of 2020 show a 15 percent decline in new job ads, compared to figures from 2019.
It was however an increase on the figures from 2020’s second quarter, which were 27 percent down on 2019.
Job ads Switzerland wide fell 15 percent, the same as the figure in German-speaking Switzerland.
'Highest unemployment in decades': How coronavirus hit the Swiss job market
In French and Italian-speaking Switzerland, job ads fell by 14 percent.
The figures come from the Swiss Job Market Index, put together by employment agency Adecco and the University of Zurich.
“The current GDP figures also point to an increasingly positive development,” said Monica Dell'Anna, CEO of the Adecco Group Switzerland.
Health worker demand remains high
Job ads in the health industry have grown significantly during the pandemic, 35 percent higher than figures from 2015.
The need for nursing assistants has grown by 120 percent, while the demand for senior doctors has increased by 63 percent.
While it may be little surprise to see a buoyant health sector as a result of a global pandemic, the authors note that this was not always the case.
“After the introduction of the corona protective measures in the 2nd quarter of 2020, the number of advertisements for medical professions initially plummeted,” they wrote.
“It should be noted, however, that the number of job advertisements rose at an above-average rate shortly before the introduction of the corona protective measures.”
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