Inflation puts pressure on the population: Trade union federation demands wage compensation and AHV’s 13th pension

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Swiss Trade Union Federation (SGB) President Pierre-Yves Maillard (left, Member of the National Assembly SP/VD) together with the SGB’s chief economist Daniel Lampert (right) briefed a media conference on the following topics: among other things, wage negotiations and retirement security .

In a press release on Friday, the SGB announced that in intense wage negotiations, unions have managed to make progress in adjusting for inflation and increasing real wages in various sectors. Unpaid wages remain high for many workers; Therefore, the SGB is demanding significant real wage increases in ongoing wage negotiations.

Pensioners are also affected by high prices, rents and premiums in Switzerland, as pensions have been falling for years. With the popular initiative for the 13th AHV pension, Switzerland will have the opportunity to quickly compensate for the loss of purchasing power next March, the SGB wrote.

It was stated that the union federation delegates emphasized their basic demands regarding the Federal Council’s negotiations with the EU. Autonomous rate protection as well as public service in the electricity market and public transport must be guaranteed. (SDA)

Source :Blick

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Tim

Tim

I'm Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor's Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.

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