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Swiss government agrees wage protection package to buttress EU deal
Published by Global Banking & Finance Review®
Posted on March 21, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on March 21, 2025
1 min readLast updated: January 24, 2026
Switzerland adopts wage protection measures to facilitate a new EU trade agreement, addressing concerns over Swiss wages being undercut by EU workers.
ZURICH (Reuters) - Switzerland has adopted a package of measures to protect workers' pay, the government said on Friday, potentially removing an important obstacle to the country approving a new agreement aimed at deepening ties with the European Union.
The measures will be included in a consultation draft for the EU agreement, after employers' associations and trades unions and the cantons agreed to 13 steps to protect high wages in Switzerland from being undercut by EU workers.
The Swiss government said it was also proposing a further measure to add to the package.
Switzerland and the EU in December unveiled a deal to overhaul their trade ties, although there were major concerns from unions about Swiss wages coming under pressure.
The measures are aimed mainly at EU-based firms which set up operations in Switzerland and intended to protect wages.
(Reporting by John Revill; Editing by Dave Graham)
The article discusses Switzerland's adoption of wage protection measures to support a new trade agreement with the EU.
To protect high Swiss wages from being undercut by EU workers and to facilitate the approval of a new EU trade agreement.
Employers' associations, trades unions, and the cantons agreed on the 13 steps to protect wages.
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