Wages are expected to rise by 2.2% next year. It will be the biggest pay hike for 15 years – but it’s not enough to cover the cost-of-living rise.
A UBS survey asked nearly 300 companies about their pay plans for next year.
The rise is double what was offered last year.
Chief economist at UBS, Daniel Kalt, points out that inflation is running at 3.5% in this country. That’s far lower than many other European countries.
It means a cut in real wages of 1.8% - which is the largest fall since 1942.
Geneva/Lausanne rail link under pressure
The rail link between Geneva and Lausanne is reaching breaking point.
Prison population climbs
The prison population has reached its highest level since records began, according to new figures released by the Federal Statistics Office.
Tax breaks for EVs under pressure
Electric vehicle tax breaks are coming under pressure across Switzerland as more drivers switch away from petrol and diesel cars.
Health insurance premiums will rise next year, but not as much
A slight slowdown is in sight for health insurance premiums.
Hundreds of kilos of asparagus stolen
A major asparagus theft has shocked farmers in canton Fribourg.
Broad coalition forms against 10 million vote
Cantons, cities and municipalities are uniting against the Swiss People’s Party’s “No 10 Million Switzerland” initiative ahead of next month’s vote.
