UBS to increase swiss salaries in 2017

8 years ago - Published in Finance, Fundamental Analysis

UBS, Switzerland's biggest bank, will increase the salaries of its employees in Switzerland up to and including the middle management by an aggregate 0.8%, the company said in a statement today. 

"This overall result is the outcome of negotiations between employer and UBS employee delegations," the bank said in a statement.
The association of banking employees demanded an increase of 1.5% for 2017 and will not be happy about the decision by UBS, which acts as trendsetter for the industry.

The increase is effective as of March 1, 2017.