Wage inequality within companies remains high, according to union
Last year, top managers received on average 139 times more pay than the employees with the lowest wages in the same company
Keystone / Regina Kuehne
Last year, top managers in Switzerland received on average 139 times more pay than the employees with the lowest wages in the same company. This is the result of a study conducted by the Unia trade union and published on Wednesday.
There is no “acceptable explanation” for why companies would not use “a small part” of their profits to pay “at least halfway” decent wages, Vania Alleva, president of the union, was quoted as saying in a statement. Instead, employees’ real wages have fallen while company profits have risen, she said.
The union is calling for general wage increases, good collective agreements and decent minimum wages, it said on Wednesday.
For the study, the trade union Unia examined 37 companies, including 34 listed ones. According to the study, the wage gap in 2022 of 1:139 is slightly lower than in the previous year, when it was 1:144.
This news story has been written and carefully fact-checked by an external editorial team. At SWI swissinfo.ch we select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate them into English. Providing you with automatically translated news gives us the time to write more in-depth articles. You can find them here.
If you want to know more about how we work, have a look here, and if you have feedback on this news story please write to english@swissinfo.ch.
External Content
Your subscription could not be saved. Please try again.
Almost finished… We need to confirm your email address. To complete the subscription process, please click the link in the email we just sent you.
Popular Stories
More
Foreign Affairs
How a top Swiss university is screening Chinese students
Media: Swiss medical services done abroad are billed at Swiss rates
This content was published on
In Switzerland, some medical services carried out abroad are still billed at Swiss rates, despite costing less, RTS reports.
This content was published on
Sophie Hediger, a member of the Swiss national snowboard cross team, has died in an avalanche in Arosa. She was 26 years old.
This content was published on
Several Swiss films exceeded the 100,000 admissions mark worldwide in 2024 and received widespread praise at international film festivals.
Swiss Alpine resorts covered in white gold for Christmas
This content was published on
Many areas at low altitudes in Switzerland are enjoying a blanket of snow. In the mountains, intense precipitation has delighted skiers.
SWISS makes emergency landing in Austria after smoke in cockpit
This content was published on
Swiss International Airlines (SWISS) made an emergency landing of an Airbus in Graz, Austria on Monday evening after engine problems.
L’Oréal acquires South Korean subsidiary of Migros’ cosmetics brand
This content was published on
French cosmetics firm L'Oréal is acquiring Gowoonsesang Cosmetics, the South Korean subsidiary of the Migros-owned Mibelle group, for an undisclosed sum.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.