Many agencies and online platforms get hotels to sign contracts that stop them offering prices lower than those offered by the agency or platform. From 1 December 2022, it will no longer possible to legally enforce these arrangements as they will be deemed an unfair trading practice. On 16 November 2022, the Federal Council brought […]
Vote on pension reform most divisive in Swiss history
Switzerland’s recent vote on state pension reform on 25 September 2022, divided men and women, reported RTS. The vote was split into two parts. The first asked whether the state pension age for women should rise from 64 to 65 to bring it into line with the pension age for men. The second part asked […]
Swiss construction workers protest over hours and pay
After construction workers went out on strike for two days in French-speaking Switzerland, construction workers protested in Zurich over hours and pay on 11 November 2022, reported RTS. With inflation in Switzerland running at 3%, construction workers are demanding higher pay. However, the construction industry has responded with an offer of better pay tied to […]
Bank predicts home rent rises in Switzerland
According to the bank Raiffeisen, a future rental housing crisis is likely in Switzerland as the home vacancy rate moves below 1% in 2024, reported 20 Minutes. The combined forces of higher construction costs and higher interest rates have reduced the number of homes being built, said the bank. This combined with the continued growth […]
Huge Covid test fraud potentially uncovered in Switzerland
While checking statements from health insurers a number of people have noticed Covid tests that were never administered. One individual in St. Gallen discovered 30 Covid tests billed by a doctor in Vaud on their statement, reported RTS. A spokesperson for Santésuisse, a health insurance association, said the organisation estimates that 1% of Covid tests […]
Swiss inflation stable in October
Switzerland’s consumer price index (CPI) remained stable in October 2022 compared with the previous month, reported Switzerland’s Federal Statistical Office (FSO) this week. This left year-on-year inflation at the end of October 2022 at 3%, the same level that it was at the end of September 2022. The stability of the index compared with the […]
Swiss pay rises don’t keep up with inflation
Recent data from Switzerland’s Federal Statistical Office (FSO) show recent collective pay rises fall short of inflation. Switzerland’s key labour agreements between employers and unions included a nominal pay rise of 0.8% for 2022 and a 0.6% nominal rise in minimum wages, wrote the FSO on 31 October 2022. However, set against inflation of 3% […]
No price rises for Swiss public transport in 2023
For the seventh consecutive year, the price of tickets on Swiss public transport will remain unchanged. It will also become easier to buy tickets for bicycles and canine companions, reported RTS. News of no price increases is likely to be welcomed given the relatively high price of Swiss public transport. A survey several years ago […]
Federal commission takes aim at minimum wages
Across most of Switzerland there is no minimum wage. However, the cantons of Neuchâtel (CHF 20 per hour), Geneva (CHF 23 per hour), Jura, Ticino and Basel-City have them. This week, a federal parliamentary commission voted in favour of challenging the applicability of these minimum wages, reported RTS. If a national negotiation between employers and […]
Swiss pension funds hit hard by markets
At the end of 2021, Swiss employment-based pensions fund in aggregate held assets worth 18.5% more than what they owed. By 30 September 2022, they owed 0.5% more than they held in assets, according to government data published recently. Switzerland has a three layered pension system. The first layer is a state pension, known as […]
