Switzerland -Proposal to restrict top pay rejected -November 24, 2013

According to final results, all of the country's 26 cantons and a full 65.3% of all voters rejected an initiative in a referendum (see our July and October Newsletters) that would have capped excessive salaries. The ‘1:12’ initiative that would have set strong limits between the top and bottom salaries in a firm met with stiff opposition from the business community and the political right. Although this proposal has been defeated, public anger at revelations that some of the chief executives are earning more than 200 times what their employees take home is still widespread and the issues of high salaries and a widening wage gap have not gone away.

English: http://www.bbc.co.uk/news/business-25076879

http://www.theguardian.com/world/2013/nov/24/switzerland-votes-against ...  

 

For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Mariya Nikolova mnikolova@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.


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