Swiss Parliament Shifts Stance on Industrial Policy Amid Steel Industry Crisis
For decades, Switzerland has maintained a strict non-intervention policy in its economy, leaving struggling industries to fend for themselves. However, a coalition in the National Council has recognized the strategic importance of the last two Swiss steelworks and an aluminum plant. Following protests and a growing call for support due to announcements of mass layoffs, temporary relief for high network costs is set to be discussed in Parliament. This marks a significant shift in policy and raises questions about the future of industrial assistance in Switzerland.