Subscribe Login
DE4CC0DE-5FC3-4494-BCBF-4D50B00366B5
Retail

Coop Switzerland To Hike Wages In 2021

Coop Switzerland has announced plans to hike wages by 1% in 2021 and strengthen minimum wages.

The initiative follows negotiations between Coop and its social partners, and will see the retailer increasing the minimum wage.

All employees working for wages below CHF4,700 will receive a general increase, while the minimum wage and the reference wages will be raised by CHF100 per month, the retailer added.

In addition, wages above the are CHF4,700 range will be adjusted individually.

A Welcome Move

The initiative has been welcomed by Coop’s social partners Kaufmännischer Verband, Syna / OCST, Unia and the Association of Employees Coop (VdAC).

The partners said that employees were ‘heavily burdened’ this year due to the pandemic and ‘deserve’ this raise as their work is an essential service.

The working condition in Coop is among one of the best in the Swiss retail sector.

It pays two-thirds of the pension fund contributions, offers attractive training courses, loyalty bonuses, and other discounts to its employees.

© 2020 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: The European Supermarket Magazine.

Stay Connected With Our Weekly Newsletter

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our Terms & Conditions and Privacy Policy
Enjoy unlimited digital access for 30 days
Get exclusive access to the latest grocery retail & FMCG news, interviews with industry leading executives, and expert analysis on the trends shaping the sector today
Enjoy unlimited digital access for 30 days
Enjoy unlimited digital access for 30 days
Get exclusive access to the latest grocery retail & FMCG news, interviews with industry leading executives, and expert analysis on the trends shaping the sector today
Enjoy unlimited digital access for 30 days