Swiss company bankruptcies rise significantly

There was a marked increase in company bankruptcies in Switzerland in the first 11 months of the year. The construction, catering and retail sectors in particular suffered. +Get the most important news from Switzerland in your inbox Company bankruptcies climbed by over 36% from January to November compared to the same period last year, according to the economic information service Crif on Monday. Specifically, 11,057 companies went bankrupt in the first 11 months of the year. This means that the pace of bankruptcies has accelerated since the end of September. After nine months, the increase had only been just under 20%. According to Crif, most bankruptcies were in the construction industry (1,576 cases), followed by catering (1,090) and retail (774). One reason for the increase is a change in the law. Since January 1, 2025, the tax debts of companies in the commercial register can also be claimed in bankruptcy proceedings. Previously, it was only possible for the tax authorities to ...