Salary Increases for Bank Employees for 2015

Zurich,  November 20, 2014 The Staff Council and the employer representatives of Credit Suisse Group in Switzerland have concluded the salary negotiations for 2015. The social partners have agreed on an increase in the total salary amount in accordance with the Agreement on Conditions of Employment for Bank Staff (ACEBS) of 0.9% for individual and performance-based salary increases for 2015.

The provision applies to employees in Switzerland who are subject to the ACEBS, up to and including those at Assistant Vice President level.

Both the Staff Council and the employer representatives of Credit Suisse Group in Switzerland are pleased to have again found a joint solution.

The salary increases negotiated in previous years were 0.5% for 2013 and 0.75% for 2014.

  • Media Relations Credit Suisse AG, Tel. +41 844 33 88 44 , media.relations@credit-suisse.com
Credit Suisse AGCredit Suisse AG is one of the world's leading financial services providers and is part of the Credit Suisse group of companies (referred to here as 'Credit Suisse'). As an integrated bank, Credit Suisse is able to offer clients its expertise in the areas of private banking, investment banking and asset management from a single source. Credit Suisse provides specialist advisory services, comprehensive solutions and innovative products to companies, institutional clients and high net worth private clients worldwide, and also to retail clients in Switzerland. Credit Suisse is headquartered in Zurich and operates in over 50 countries worldwide. The group employs approximately 45,500 people. The registered shares (CSGN) of Credit Suisse's parent company, Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com.
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