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Swiss Nominal Wages to Rise by 0.8 Percent

August 11, 2016

Via Google Translate and some improvements:
 
In the pharmaceutical industry, which is well under way, the salaries should increase by at least 1 percent. (Image: Simon Tanner / NZZ)
The unions are demanding higher salaries for next year. However, gains are realistic only in individual sectors. In addition, can be expected in Switzerland with a lower purchasing power gain.
The workers umbrella organization Travail Suisse and the association Employees Switzerland have launched the 2017 wage round on Tuesday. Travail Suisse calls around 1 percent pay for most employees in Switzerland. For companies that do not suffer from the “Swiss Franc Shock”, even larger wage increases are reasonable, said Gabriel Fischer, head of economic policy, at a media conference. Representatives of the Association of Employees Switzerland want for the engineering, electrical and metal industry (MEM) achieve an increase of at least 0.5 percent, because the company had gradually recovered from the CHF shock. In the pharmaceutical industry, which is well under way, the salaries should increase by at least 1 percent.
Low Increases of Productivity
According to Simon Wey, Deputy Head of Labour market and labor at the employers’ organization, the demands especially in light of the uncertain economic outlook are unrealistic.

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