• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Economy

Swiss city Geneva sets record with $4,000 minimum wage

6 years ago
in Economy, highlights, Home, home-news, latest News
1 min read
0 0
0
Geneva - norvanreports

Geneva - norvanreports

61
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

The Swiss city of Geneva is to introduce a minimum wage of 23 Swiss francs ($25) an hour, equal to roughly 3,772 Swiss francs ($4,100) a month for a 41-hour working week. 

Nearly two-thirds of the canton of Geneva on Sunday voted in favor of introducing the minimum wage, which is reported to be the highest in the world. 

It is set to be implemented this month, according to the Groupement transfrontalier europeen website, an organization representing cross-border workers in France and Switzerland. 

The measure had actually been rejected by voters twice in 2011 and 2014. 

However, the coronavirus pandemic has further highlighted Geneva’s poverty problem, with reports of thousands queuing for food. 

Geneva is known as one of the most expensive cities in the world and ranked ninth on HR consulting firm Mercer’s 2020 global cost of living survey. 

Michel Charrat, president of the Groupement transfrontalier europeen, told the Guardian that the vote to pass the measure represented a “mark of solidarity” with Geneva’s poorer residents. 

RelatedPosts

Anglogold Ashanti Posts $927m Q3 Profit, Declares $361m Interim Dividend

IMF Endorses 2027 Budget Target as External Risks Persist

Economist Prof Peter Quartey Elected to Lead Ghana’s Petroleum Watchdog PIAC

“Covid has shown that a certain section of the Swiss population cannot live in Geneva,” he said.   

Geneva’s new minimum wage is more than triple that in the U.S., at $7.25 per hour and more than double the U.K.’s highest basic hourly rate of £8.72 ($11.20).

Via: norvanreports
Tags: $4000 monthly minimum wageGenevaSwiss francsSwitzerland
No Result
View All Result

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.