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Switzerland: Firms pledge to support & promote women in the workplace
Author: Brenna Hughes Neghaiwi, Reuters (UK), Published on: 8 March 2017
"Swiss firms set goals to get more women into top roles", 8 Mar 2017
Swiss firms from food and beverage giant Nestle...to banking groups UBS...and Credit Suisse...pledged new goals on Tuesday to support and promote women. While Switzerland has Europe's second-highest proportion of women in the workforce, it trails global standards on gender diversity in boardrooms and in management positions. Consultancies EY, Deloitte and PwC and staffing agency Adecco...all committed to increase female leadership in their Swiss businesses to between 20 and 35 percent by 2020. This follows a recent survey by EY which found Swiss firms with at least 20 percent women in top management rated their financial situation as better, while studies by UBS have found companies with greater gender diversity consistently outperform. Women represent just 6.7 percent of Swiss executives, according to Credit Suisse, compared to a global average of 13.8 percent and European average of 12.6 percent. They occupy one out of eight board seats, half the European average. [Also refers to Siemens, IKEA, Advance and iCubed].