Agricultural cooperative Fenaco will increase wages by 2.6 percent in 2023. This consists of a 1.5 percent increase in fees and a one-time payment of CHF 800. In addition, Fenaco reduces weekly working hours by one hour in various departments of the company.
The retailer and production equipment supplier is raising the minimum wage to CHF 4,000 per month, as announced on Thursday. After two to four years of apprenticeship, reference wages increased by 200 francs to 4200, 4300 and 4400 francs.
Reducing working hours and total wages
1.3 percent of the 1.5 percent increase in payroll is due to individual wage increases, while the remainder is due to extraordinary adjustments such as promotion, job or job change. The CHF 800 one-time premium is said to be aimed at compensating for inflation. As Fenaco writes, measures, including reducing working hours, raise wages by 3.3 percent. This is more than just compensation for inflation.
It employs more than 11,000 people, according to Fenaco. It is owned by 165 Landi cooperatives with around 44,000 members, more than half of whom are farmers. Fenaco includes retailers Landi and Volg, oil company Agrola, beverage maker Ramseier, and numerous others. In 2021, Fenaco achieved a new record turnover of 7.4 billion francs.
In the past few days, Coop has released a report on the payroll round. Coop employees will receive two percent more wages next year. There are also shopping vouchers. (SDA/uro)
Source :Blick
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.
