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Every third daycare centre in Switzerland making a loss (www.swissinfo.ch)

submitted 1 year ago by [email protected] to c/[email protected]

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One in three daycare centres in Switzerland posted a loss last year. The first-ever study of the key business figures of daycare centres also revealed that the sector has a three times higher staff resignation rate.

The Swiss Childcare Association (Kibesuisse) announced on Thursday that owing to high staff costs, which account for three-quarters of total expenditure, daycare centres do not have much in the way of income. Two-fifths of the daycare centres surveyed closed the 2022 calendar year with a profit and a third with a loss; 13% of the daycare centres surveyed did not want to provide any information. ...

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[–] [email protected] 5 points 1 year ago (1 children)

And why would childcare be for profit to begin with? It’s like saying the firefighters are operating at a loss.

[–] joelthelion 3 points 1 year ago

As long as they're private businesses, they pretty much have to be profitable. That said, we probably should fund more public day care centers.