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Switzerland Today

Swiss news in English

Thursday, November 14, 2024

VBZ Faces CHF 12 Million Deficit

Published: 2024-09-06

The Zurich Public Transport Authority (VBZ) is bracing for a significant financial shortfall, projecting a deficit of up to 12 million Swiss Francs for 2024. This financial strain is attributed to reduced evening services and a shortage of personnel, which have led to decreased compensation from the Zurich Transport Network (ZVV).

In response, VBZ has announced immediate cost-cutting measures targeting both personnel and operational expenses, though no layoffs are planned.

The organization is optimistic about the future, aiming to restore full service by December 2024, which is expected to stabilize their financial situation.

Additionally, VBZ is scrutinizing all expenditures, ensuring that only essential costs are approved, as they navigate these challenging times.