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Switzerland Today

Swiss news in English

Saturday, November 23, 2024

Swiss Unions Demand 4% Wage Hike

Published: 2024-08-19

Swiss unions are calling for wage increases of up to 4% amid a historic cost-of-living crisis.

Despite economic growth, real wages have fallen by over 3% since 2021, leaving them at 2014 levels.

Rising costs for essentials like rent and healthcare have eroded purchasing power, prompting unions like Travail Suisse to demand significant pay raises.

The unions argue that productivity gains should benefit workers, not just employers.

While some sectors, like public services and healthcare, face severe wage stagnation, others, such as hospitality, have seen disappointing negotiation outcomes.

The unions emphasize that without substantial wage hikes, the financial strain on workers will continue to grow.