Salary Increases for Bank Employees for the year 2013


WEBWIRE – Wednesday, November 28, 2012

Zurich - 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.

Credit Suisse AG
Credit 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 offers clients its combined expertise in the areas of private banking, investment banking and asset management. Credit Suisse provides advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as to retail clients in Switzerland. Credit Suisse is headquartered in Zurich and operates in over 50 countries worldwide. The group employs approximately 48,400 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.

Disclaimer
This document was produced by and the opinions expressed are those of Credit Suisse as of the date of writing and are subject to change. It has been prepared solely for information purposes and for the use of the recipient. It does not constitute an offer or an invitation by or on behalf of Credit Suisse to any person to buy or sell any security. Any reference to past performance is not necessarily a guide to the future. The information and analysis contained in this publication have been compiled or arrived at from sources believed to be reliable but Credit Suisse does not make any representation as to their accuracy or completeness and does not accept liability for any loss arising from the use hereof.



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