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Swiss Salaries to Rise in 2009

Sunday, November 2nd, 2008

Work in Switzerland is expected to become more expensive in 2009 with salaries for jobs in IT, telecoms, pharmaceuticals, and the luxury industries expected to rise 3%. Purchasing power of workers in Switzerland is expected to increase next year.

The guardedly favorable outlook for 2009 contrasts sharply with 2008, during which, analysts agree, despite a strong economy and job market with many vacant positions on the labor market unfilled, real purchasing power of salaried workers declined in the face of rising costs for staples such food and gasoline.

Swiss Economy out of Gas in 2008

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