Navigation

Salaries in 2007 see small but real increase

Wage earners in Switzerland last year saw an average 1.6 per cent nominal increase in their pay, taking advantage of the robust condition of the Swiss economy.

This content was published on April 30, 2008 - 12:46

It was the biggest increase since 2003, according to figures released on Wednesday by the Federal Statistics Office. Corrected for inflation, the increase stands at 0.9 per cent.

The office commented that the economic upturn had finally produced a knock-on effect on real salaries, which had stagnated in recent years.

The banking and insurance sectors are top of the table with an average increase of up to 2.5 per cent, while pay cheques in the chemical industry rose by 2.2 per cent.

At the lower end of the scale, salaries in the food and beverages industry did not benefit last year from the buoyant economy, inching up just 0.1 per cent.

In compliance with the JTI standards

In compliance with the JTI standards

More: SWI swissinfo.ch certified by the Journalism Trust Initiative

Sort by

Change your password

Do you really want to delete your profile?

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.

Discover our weekly must-reads for free!

Sign up to get our top stories straight into your mailbox.

The SBC Privacy Policy provides additional information on how your data is processed.