page_title: Winterthur
section_title: Economy
hierarchical_section_title: Winterthur / Economy
caption_attribution_description: Ehemaliges Waaghaus, Marktgasse 25 in Winterthur (Switzerland)
context_page_description: Winterthur is a city in the canton of Zürich in northern Switzerland. With over 110,000 residents it is the country's sixth-largest city by population, and is the ninth-largest agglomeration with about 140,000 inhabitants. Located about 20 kilometres northeast of Zürich, Winterthur is a service and high-tech industrial satellite city within Greater Zürich.
  The official language of Winterthur is Swiss Standard German, but the main spoken language is the local variant of the Alemannic Swiss German dialect. Winterthur is usually abbreviated as Winti in the local dialect and by its inhabitants.
  Winterthur is connected to Germany by direct trains and has links to Zurich Airport. It is also a regional transport hub: the A1 motorway from Geneva through to St. Margrethen connects in Winterthur with the A4 motorway heading north toward Schaffhausen and the A7 motorway heading close to the Swiss-German border at Kreuzlingen. There are also roads leading to other places such as Turbenthal. The railway station is the fifth busiest railway station in Switzerland, and is 20 minutes away by train from Zürich.
context_section_description: Historically, Winterthur was one of the homes of Switzerland's rail industry and an industrial centre, however the rail industry and other heavy industry have mostly shut down. Amongst the most significant companies was Sulzer Brothers, today's Sulzer Ltd., Sulzer AG, commonly abbreviated to Sulzer. Textile production declined even earlier on. The Rieter textile machinery company is based in Winterthur.
  Switzerland's largest bank, and one of the world's large banks, Union Bank of Switzerland (UBS, since 1998 UBS AG), was founded in Winterthur.
  The Landbote newspaper is situated in Winterthur, and also serves as Winterthurer Stadtanzeiger, the official publication organ of the city of Winterthur.
  Peraves, the manufacturer of the fully enclosed "cabin motorcycle" named the Monotracer, predated by an earlier model named the Ecomobile, has been manufacturing these vehicles since the early 1980s. In 2010, Peraves won the Progressive Insurance Automotive X-Prize with an electric powered version of the Monotracer.
  Among other commercial organizations, Winterthur was home to Switzerland's largest insurance business Winterthur Insurance. Until its acquisition, the company was the largest in Switzerland and was in Europe's top 10. On 1 January 2007 the Winterthur company was acquired by the French AXA group and is now known as AXA Winterthur.
  As of 2011, Winterthur had an unemployment rate of 3.53%. As of 2017, there were 185 people employed in the primary economic sector and about 60 businesses involved in this sector; 11,880 people are employed in the secondary sector and there are 884 businesses in this sector; 59,767 people are employed in the tertiary sector, with 6,983 businesses in this sector. As of 2007 47.9% of the working population were employed full-time, and 52.1% were employed part-time.
caption: Street in the old town
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