Top Swiss CEOs earn 143 times more than lowest paid staff

Last year, Switzerland's top managers earned on average 143 times more than their lowest paid employees. According to a study by the trade union Unia, the pay gap continues to widen. + Get the most important news from Switzerland in your inbox In 2022, the pay gap was still 1:139, Unia wrote on Monday in the wage study, which was published on the occasion of a campaign near the Bern office of the Swiss Employers' Association. The union found the biggest difference of 1:267 at the major bank UBS. + Swiss trade unions demand large pay hikes for workers UBS CEO Sergio Ermotti earned CHF14.4 million in nine months, or CHF84,000 per working day. According to Unia, this would have amounted to CHF19.2 million for the year as a whole, 50% more than the previous UBS CEO Ralph Hamers. Ermotti earned 1.5 times more in one day than the lowest-paid person at UBS earns in a year. CEOs and shareholders enriched Overall, the highest salaries continued to rise: five CEOs earned more than CHF10 million.