Corporate Press Release

Press Release

Salary Increases for Bank Employees for the year 2013

The Staff Council and employer representatives of Credit Suisse Group in Switzerland have reached a final agreement on the salary negotiations for 2013. The social partners have agreed to increase the aggregate salary sum by 0.5% for individual and performance-based salary increases for 2013.

The Staff Council and employer representatives of Credit Suisse Group in Switzerland have reached a final agreement on the salary negotiations for 2013. The social partners have agreed to increase the aggregate salary sum by 0.5% for individual and performance-based salary increases for 2013.
This provision applies to employees in Switzerland who are subject to the Agreement on Conditions of Employment for Bank Staff (ACEBS), up to and including those at Assistant Vice President level.

Both parties, the Staff Council and employer representatives of Credit Suisse Group in Switzerland, are pleased to have reached a mutual agreement again this year.

The salary increases negotiated in previous years were 0.5% for 2012 and 1.5% for 2011.