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The Swiss Bank Employees Association (SBPV) writes that bank employees have been very busy in Switzerland since the outbreak of the corona pandemic. For example, it was necessary to maintain the service of financial institutions during the crisis, absorb the absences of colleagues related to the crown or process thousands of applications for Covid-19 loans guaranteed by the federal government.
At the same time, most banks have obtained positive results in the current year, especially when compared to other economic sectors such as retail or restaurants. This should benefit employees, requires the SBPV. The association hopes that a notable salary increase for bank employees will also indirectly support local businesses.
Banks have reduced staff costs
The SBPV also notes that banks have significantly reduced personnel costs in the past by eliminating jobs. Since 2010, the number of full-time positions had dropped by a good 18,000 to 89,531 by the end of 2019. The reasons for this are digitization, which is making its way into the industry, as well as increased demands on productivity from the employees. (pbe / SDA)
