UBS plans to cut 3,000 jobs in Switzerland; anti-immigration initiative receives a broad voter support; and more news in our Monday roundup.
Thousands of additional jobs are at risk in Switzerland
Some 3,000 UBS employees could lose their jobs in Switzerland, as part of the bank’s plan to fire 10,000 of its global workforce, Swiss media reported on Sunday.
The bank confirmed that it expects “approximately 3,000 job cuts in Switzerland.”
UBS has been reducing workforce as a result of the integration of former rival Credit Suisse, which it bought in 2023.
These cuts will further increase the number of job lost in Switzerland in recent months.
READ ALSO: How many jobs are set to be lost in Switzerland in 2026?
Anti-immigration initiative meets with broad voter support
According to a new opinion poll carried out by the Tamedia media group, the majority of voters are in favour of the ‘No Switzerland of 10 million’ initiative.
Unsurprisingly, support is strongest – to the tune of 88 percent – among the sympathisers of the hard-right Swiss People’s Party (SVP), which spearheaded the initiative.
Conversely, opposition to the initiative is very strong on the left: 73 percent of socialist supporters reject it, as do 72 percent of the Greens.
The Centre party, on the other hand, is almost evenly very divided, with 42 percent in favour and 43 against against. As for Liberal-Radicals (PLR), 46 percent approve the initiative and 38 percent oppose it.
These new results are in line with an earlier survey, conducted in September on behalf of the Swiss Trade Union Federation (USS) by the Sotomo Research Institute, which found that 48 percent of respondents were in favour, while 45 percent would vote against it.
READ ALSO: Will Swiss voters back the anti-immigration proposal?
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Government will adapt entry rules for certain individuals coming from third countries
As part of the Schengen Agreement, Switzerland has decided to adopt an amendment to a European Union regulation aimed at reintroducing, in certain circumstances, the visa requirement for third countries.
These circumstances, according to the Federal Council, may include exceeding migration thresholds, threats to public order and security, or human rights violations.
Specifically, the visa exemption granted to a third country may be suspended “as soon as an increase of 30 percent (compared to 50 percent previously) in the number of its citizens who are residing illegally in the Schengen area or who have been refused entry to the territory of a Member State, has been observed,” the government said.
It added that “the suspension mechanism may also be activated against a third country in the event of a substantial increase in the number of asylum applications from that country.”
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More cases of tuberculosis recorded in Switzerland
Cases of tuberculosis are rising in Switzerland, according to The Federal Office of Public Health (FOPH).
Some 475 cases of this disease have been reported since the beginning of 2025.
In the two previous years, during the same period, the number of cases recorded was 376 and 375, respectively. This year’s figures represent a 26-percent increase.
FOPH attributes this spike to the arrival of people from regions where the disease is more prevalent.
There has been no increase in tuberculosis cases among people born in Switzerland.
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