Half of Swiss hotels, restaurants risk bankruptcy, says employer group | Money

Sunday, 10 Jan 2021 11:12 PM MYT
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GENEVA, Jan 10 — Nearly half of Switzerland’s restaurants and hotels risk bankruptcy within months failing financial support to weather devastating Covid-19 measures, the sector’s employer group warned today.
The Swiss government is expected this week to extend the closure of bars, restaurants and leisure facilities across the country until the end of February to control stubbornly high Coronavirus case and death numbers.
But industry federation GastroSuisse warned in a statement that if done without providing significant financial support, around half of businesses in the restauration and hospitality sector could go belly-up by the end of March.

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