Swiss companies could save CHF30 billion ($37 billion) a year by reducing bureaucracy, according to leading business associations. +Get the most important news from Switzerland in your inbox Excessive regulations and high costs for bureaucracy are a burden on businesses and inhibit growth, declared economiesuisse, the Swiss Union of Arts and Crafts, the Swiss Employers' Association and the Swiss Farmers' Union on Monday in a press statement. At the halfway point of the legislative period, it is clear that the number of regulations is continuing to grow, they claim. The associations cite figures based on a study presented in Bern on Monday. According to the survey, avoidable bureaucratic costs amount to CHF30 billion per year. If companies had less administrative work, they would have an additional 55,000 full-time positions at their disposal in terms of capacity, they calculate. The associations said the Federal Council's intention to reduce the burden on companies must now be ...
