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.
Too many demos in Geneva?
Geneva is examining the issue of demonstrations and the impact they’re having on local businesses.
City of Geneva makes more money
The City of Geneva has revealed its accounts will show a CHF 200m surplus for last year.
Yes, cars are bigger
New figures show something we’ve all suspected for the last few years – cars are getting bigger, but parking spaces stay the same.
Bike thefts up - rarely solved
Bike thefts in Geneva are on the rise and very rarely solved.
Man tried to open door on SWISS flight
A man was arrested at Zurich airport after a SWISS International Airlines flight arrived back from Bangkok.
Zurich fans caused CHF 100,000 of damage
Zurich football fans caused CHF 100,000 worth of damage to the Stade de Genève during a match on April 6th.
