Economy
Monthey is important to Swiss industry, with the former chemical company Ciba-Geigy (now Novartis, Syngenta and Cimo) and the metallurgical company Giovanola, there is an oil refinery in Collombey-Muraz, near Monthey. The city is close to the famous winter sports region, the Portes du Soleil.
This city is also home to Bolliger & Mabillard, world-famous roller coaster designers.
As of 2010, Monthey had an unemployment rate of 6.7%. As of 2008, there were 37 people employed in the primary economic sector and about 25 businesses involved in this sector. 3,420 people were employed in the secondary sector and there were 146 businesses in this sector. 5,453 people were employed in the tertiary sector, with 616 businesses in this sector. There were 6,788 residents of the municipality who were employed in some capacity, of which females made up 43.8% of the workforce.
In 2008 the total number of full-time equivalent jobs was 7,689. The number of jobs in the primary sector was 19, of which 15 were in agriculture and 3 were in forestry or lumber production. The number of jobs in the secondary sector was 3,330 of which 2,062 or (61.9%) were in manufacturing and 696 (20.9%) were in construction. The number of jobs in the tertiary sector was 4,340. In the tertiary sector; 1,087 or 25.0% were in the sale or repair of motor vehicles, 125 or 2.9% were in the movement and storage of goods, 287 or 6.6% were in a hotel or restaurant, 69 or 1.6% were in the information industry, 156 or 3.6% were the insurance or financial industry, 405 or 9.3% were technical professionals or scientists, 203 or 4.7% were in education and 1,504 or 34.7% were in health care.
In 2000, there were 5,264 workers who commuted into the municipality and 2,700 workers who commuted away. The municipality is a net importer of workers, with about 1.9 workers entering the municipality for every one leaving. About 3.7% of the workforce coming into Monthey are coming from outside Switzerland. Of the working population, 7.7% used public transportation to get to work, and 61.7% used a private car.
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Famous quotes containing the word economy:
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)