Unions back 1:12 pay ratio in referendum

Switzerland

The VPOD-SSP public services union and other trade unions are calling for a "yes" vote in the 24 November referendum that would set a limit on executive pay. If passed, it would mean that the top pay in an enterprise could be no more than 12 times the lowest pay rate. The union points out that 20 years ago such a policy would be irrelevant as on average executive pay was only six times that of the lowest paid. Now the figure is more like 43 times. Over the decade to 2010 executive pay rose on average by CHF 23700 (€19190) while average pay stagnated.
Read more at > vpod (DE)
And in French at > SSP