Forecast: Employment in Manufacture of Electrical Equipment Sector in Switzerland

The employment in the manufacture of electrical equipment sector in Switzerland is projected to decrease steadily over the next five years. From a current employment level of 24.71 thousand full-time equivalents in 2023, it is expected to decline to 23.79 thousand in 2024, representing a year-on-year decrease of 3.7%. The trend continues with a 3.8% decline to 22.88 thousand in 2025, a 3.9% decline to 21.98 thousand in 2026, a 4.0% decline to 21.09 thousand in 2027, and finally a 4.2% drop to 20.2 thousand in 2028. These figures translate to a compound annual growth rate (CAGR) of -4.0% over the five-year period.

Future trends to watch for include advancements in automation and productivity enhancement technologies, which might further impact employment levels. Additionally, shifts in global supply chains and increased competition from regions with lower operational costs could influence the sector's employment landscape negatively. The industry may also see shifts driven by regulatory changes and sustainability initiatives prompting companies to adopt greener practices, potentially leading to job restructuring.

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