Swiss watchdog investigates banks over sharing pay details
The Swiss Competition Commission (COMCO) has opened an investigation into whether dozens of banks were sharing information about what they pay some staff.
This content was published on
1 minute
Reuters/Keystone-SDA/sb
Português
pt
Comissão investiga troca de informações de salários de bancários
“A large number of banks in the German-speaking part of Switzerland regularly exchange information about the salaries of certain categories of employees. As this behaviour could be problematic under the Cartel Act, a preliminary investigation has been initiated,” COMCO said in a statementExternal link on Monday.
The investigation centres on 34 banks in six regions of German-speaking Switzerland and can be extended to other regions and companies if necessary, it added.
“The purpose of the procedure is to examine whether there are indications that the exchange of information on the salaries of certain categories of employees amounts to illegal agreements within the meaning of antitrust law,” COMCO said.
The labour market is becoming increasingly important for competition authorities worldwide, the watchdog added.
In Switzerland, the COMCO Secretariat is for the first time analysing possible labour market agreements that may fall within the scope of the Cartel Act as they are not the result of negotiations between social partners.
More
More
How much do Swiss people earn today?
This content was published on
In this year’s Swiss salary round-up, we focus on the people working especially hard during the coronavirus crisis.
Swiss football boss wants crackdown on individual hooligans
This content was published on
The head of the Swiss Football League says he prefers a harsher approach to individual hooligans rather than collective punishment measures affecting all fans.
Amherd: Council of Europe is ‘as urgently needed as ever’
This content was published on
The Swiss government emphasised on Sunday the vital role of the Strasbourg-based Council of Europe, 75 years after it was founded.
Swiss minister: Italy will back Switzerland in EU talks
This content was published on
Bern can count on the backing of Italy as it re-enters talks with the European Union on future relations, Viola Amherd says.
Student protestors at University of Lausanne continue pro-Palestine sit-in
This content was published on
Since Thursday, a hall on campus has been occupied by students calling for a boycott of Israeli academic institutions and a ceasefire in Gaza.
This content was published on
Swiss public broadcasters RTS and SRF are drastically reducing their communications via the social network X (formerly Twitter).
Israel: president of Swiss universities rejects academic boycott
This content was published on
Luciana Vaccaro, president of Swissuniversities, the umbrella group of Swiss universities, is not in favour of an academic boycott of Israeli universities.
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.
Read more
More
Former Credit Suisse chief Tidjane Thiam defends his record
This content was published on
Former Credit Suisse chief executive Tidjane Thiam has defended his record at the Swiss lender despite the litany of crises that have hammered the bank since his departure.
Swiss face biggest loss of purchasing power since 1942
This content was published on
Wages in Switzerland are not keeping pace with inflation, and in 2022 the purchasing power of employees has dropped significantly.
This content was published on
The cost of Swiss goods and services rose 3.5% in August compared to the same month last year, but inflation rate remains below that of many other countries.
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.