SHARE
COPY LINK
For members

WORKING IN SWITZERLAND

Where are Switzerland’s biggest international companies?

You may think that the biggest Swiss urban centres are also home to the country’s largest companies. But that is not necessarily so.

Where are Switzerland’s biggest international companies?
Nestlé headquarters in Vevey, Vaud. Photo: Fabrice Coffrini / AFP

Perhaps you believe that Switzerland’s main activity is centred on banks, watches, cheese, chocolate, and not much else.

While this view fits in well with many stereotypes about the country, it does not depict the whole picture.

In fact, Switzerland is home to a large number of international companies: in all, 850 have based their global or regional head offices here.

READ MORE: Why Switzerland continues to attract foreign companies despite the coronavirus pandemic

The reason, according to Switzerland Global Enterprise, the official promotion organisation for export and investment, is that “Switzerland offers an exceptional number of advantages: a strategic location in the heart of Europe, a high standard of living and secure and reliable infrastructure, as well as an attractive taxation system”.

But though logic may have it that most of these enterprises are headquartered in large cities like Zurich, Geneva, and Basel, this is only partially true.

Let’s see where the largest companies are located in Switzerland:

Vaud

Switzerland’s largest company, Nestlé — which manufactures a wide range of products, including baby food, bottled water, cereal, and chocolate — has a sprawling presence in a small (population about 20,000) town of Vevey.

Located on the shore of Lake Geneva in Vaud, the town is also known as the place where Charlie Chaplin spent the last 25 years of his life, and whose mansion is now a museum dedicated to his work.

Other big multinationals headquartered in Vaud are cigarette producer Philip Morris International, which employs 3,000 people in Lausanne, as well as Medtronic, a global producer of medical devices, whose European headquarters (and 750 employees) are located in a village of Tolochenaz.

Basel

Two large Swiss healthcare companies — Roche and Novartis — are based in this city, which is unofficially known as the pharma capital of Switzerland.

Roche employs 13,6000 people in its core diagnostics and pharmaceutical divisions, while 8,000 people work on Novartis’ site, to which the company refers to as a “campus.”

READ MORE: Is Basel the best Swiss city for foreigners and Geneva the worst?

Zug

The tiny canton of Zug has a high concentration of multinational companies, the largest of which is the mining giant, Glencore.

Other well-known corporations in the canton are appliance manufacturer Siemens, as well as a healthcare firm Johnson & Johnson.

What large companies are located in the two largest cities, Zurich and Geneva?

Among corporations that call Zurich their “home” are the  Swedish-Swiss multinational automation company ABB, AXA insurance company, UBS and Credit Suisse banks, and the Swiss division of Google.

What about Geneva?

Aside from some private banks, as well as Rolex watches, Geneva is also headquarters to multinationals like grain trader Cargill International and Procter & Gamble consumer goods.

Do any of these companies hire foreign nationals?

Part of the workforce in each of the above companies consists of foreign nationals.

Your best bet to be hired by one of them — aside from qualifications needed for specific positions — is to be a EU / EFTA national, or have either a B or C work permit. Those criteria, however, apply to all jobs in Switzerland.

If you want to see what positions are available, and how much they pay, you can check out each company’s website or you can send the recruitment department your CV to put on file.

READ MORE: EXPLAINED: How to write the perfect Swiss CV

Member comments

Log in here to leave a comment.
Become a Member to leave a comment.
For members

WORKING IN SWITZERLAND

Why are Swiss employers eager to hire US professionals?

Personnel shortages are pushing big Swiss companies to recruit executives from abroad, specifically from the United States.

Why are Swiss employers eager to hire US professionals?

Some Swiss employers, including pharmaceutical giants Roche and Novartis, pull out all the stops to attract foreigners — especially from the United States — for top management positions. 

Companies even go so far as to cover the rent, private school tuition fees, and sometimes even taxes and health insurance, of the senior US executives.

Why are these employers offering perks to the professionals from the US?

“Depending on the size of the company, the number of [locally-based] candidates is very limited for certain positions. Hiring foreign executives is therefore inevitable,” according to recruiter Erik Wirz. “And in the United States, there are very qualified employees in the pharmaceutical or technological fields.” 

The demand also extends to top researchers or those who are recognised specialists in their field, Wirz added.

The high cost involved in relocating sought-after US personnel, as well as all the perks they receive once in Switzerland — typically a package ranging from five to six-figures — are worth every franc, according to a Roche spokesperson.

 “What matters to us is the aptitude and performance of our employees. We want to attract the best talent, regardless of their origin.”

But wait…aren’t Americans third-country nationals and therefore have restricted access to Switzerland’s labour market?

Yes, and as such, they are subject to stricter employment rules than their counterparts from the European Union and EFTA states (Norway, Iceland, and Liechtenstein).

However, according to rules set out by the State Secretariat for Migration (SEM), “admission of third-country nationals to the Swiss labour market is only granted if it is in the interests of Switzerland and the Swiss economy as a whole.”

Furthermore, “you must be a highly qualified specialist or skilled professional in your field. This means that you should have a degree from a university or an institution of higher education, as well as a number of years of professional work experience.

And in Switzerland’s employment hierarchy, you can be hired only if the employer can prove to the authorities that no suitable Swiss or EU / EFTA candidate could be found to fill the vacant position.

Clearly, the top US executives recruited by Swiss companies meet all these requirements, which is why they are allowed to come and work in Switzerland.

What’s in it for the American employees?

The financial benefits are obviously generous, as these execs earn more, and get additional benefits, while working in Switzerland they would back home.

“It is impossible to attract top managers if they get the same salary,” Wirz said.

There is, however, one negative aspect of working in Switzerland — or anywhere else outside of the United States.

And that is the burden of dealing with both the Swiss and US tax system, as Uncle Sam operates citizenship based taxation, even on people who live overseas.

SHOW COMMENTS