Zurich – Companies with more than 250 employees account for less than 1 percent of all companies in the canton of Zurich. However, they account for 39 percent of all jobs and 42 percent of value added. This is according to a study conducted as part of the Zurich Economic Monitoring Program.
(CONNECT) The canton of Zurich is home to approximately 112,500 companies. Of these, large companies with more than 250 employees account for less than 1 percent. This is shown in the study “Strong Together: SMEs and Large Companies in the Canton of Zurich,” which was published as part of the latest Zurich Economic Monitoring report.
The roughly 600 large companies account for 39 percent of the 738,000 jobs, measured in full-time equivalents. They also account for 42 percent of the canton's economic output and 51 percent of its corporate income tax revenue. With value added of 205,000 francs per full-time position, they also have the highest labor productivity.
Microenterprises with up to nine employees account for 88 percent of all businesses, but provide only 19 percent of all jobs and 14 percent of value added. Their productivity is 139,000 francs per full-time equivalent.
Small businesses with between 10 and 49 employees account for 21 percent of both jobs and value added. They generate 189,000 francs per full-time position. Medium-sized companies with between 50 and 249 employees account for 2 percent of all companies and represent 22 percent of both jobs and value added. They generate 195,000 francs per position.
Large companies and SMEs are closely intertwined. Large companies source more than 50 percent of their intermediate inputs from SMEs. Conversely, more than 40 percent of all intermediate inputs they produce themselves are destined for SMEs. In general, nearly two-thirds of total revenue comes from business with other companies. Between 70 and 80 percent of all intermediate inputs are sourced from Switzerland.
Carmen Walker Späh emphasizes the importance of small and medium-sized enterprises. “SMEs are indispensable to our region,” the district president and director of economic affairs is quoted as saying in a press release about the study. However, she also points out the enormous contribution made by large companies. “They create numerous jobs, strengthen local value chains and supply chains, and thus make a decisive contribution to the international competitiveness of our business location.” ce/ug
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