Switzerland -Top managers overpaid -June 23, 2015

Remuneration for executives rose an average of 18% between 2011 and 2014 at three-quarters of major companies.

In its 11th annual report on management pay Travail.Suisse revealed that remuneration for executives rose an average of 18% between 2011 and 2014 at three-quarters of major companies. The organisation analysed salaries at 27 large Swiss companies from publicly available data. The ten highest paid executives earned more than five million francs in 2014. The greatest pay gap was at Roche, the pharmaceutical giant, where outgoing chairman Franz Humer earned 15.38 million francs, 253 times as much as the lowest paid worker (61,000 francs a year) at the Basel-based company.

English: http://www.thelocal.ch/20150623/union-raps-swiss-executive-pay-rises

German: http://www.travailsuisse.ch/system …  

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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