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Old 07.08.2011, 13:14
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Ok then, we'll pay you in Euro!

A long article today in Le Matin, about some employers trying to pass on their export and production difficulties due to the high franc to their workers- by attempting to pay them in ... Euros.
This is mainly happening in areas near the French/german borders, both for foreign frontaliers working in CH, but also for Swiss who have chosen to live across the border- who have of course seen their salary 'increase' by 40% in the last two years (although many house owners on French side have chosen to buy houses with CHF mortgages, in fear for the Euro rising to great heights again ().
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Old 07.08.2011, 13:16
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Re: Ok then, we'll pay you in Euro!

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A long article today in Le Matin, about some employers trying to pass on their export and production difficulties due to the high franc to their workers- by attempting to pay them in ... Euros.
This is mainly happening in areas near the French/german borders, both for foreign frontaliers working in CH, but also for Swiss who have chosen to live across the border- who have of course seen their salary 'increase' by 40% in the last two years (although many house owners on French side have chosen to buy houses with CHF mortgages, in fear for the Euro rising to great heights again ().
I believe that is illegal - anybody "offered" this opportunity should get free advice from their local Arbeitsamt.
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Old 07.08.2011, 13:22
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Re: Ok then, we'll pay you in Euro!

But at the current exchange rate, and with the CHF probably weakening in the mid/long term, that is a good idea ? The ubiquitous 120KCHF , paid as 120K Euro must surely be a canny move for employees ?

I am sure 120K Euro now will be worth a lot more in Switzerland this time next year.

Unless of course the employers are saying they will pay the Euro equivalent salary, meaning the going rate outside of Switzerland and not the Swiss salary in Switzeland ?
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Old 07.08.2011, 13:26
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Re: Ok then, we'll pay you in Euro!

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I believe that is illegal - anybody "offered" this opportunity should get free advice from their local Arbeitsamt.
Giving notice & offering a new contract 'illegal', I don't think so.
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Old 07.08.2011, 13:50
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Re: Ok then, we'll pay you in Euro!

I just read in the Beobachter, that an employee cannot change someones contract, but rather if he does want to pay hi in euros has to wait till the old contract expires and then either fire him and rehire him with a new contract were he is paid in euros, or just redo a contract once the old one expires with the new terms and condition but def. dont feel forced to taske them..
Keep to your rights !!
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Old 08.08.2011, 09:43
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Re: Ok then, we'll pay you in Euro!

Had a call from an agency about a contract in Geneva, all was fine until they mention the pay in Euros, Swiss Company, Swiss Agency.

That argument was that most applicants would be cross border workers.

Such is life, just another little challenge for us people who actually live here.
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Old 08.08.2011, 10:27
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Re: Ok then, we'll pay you in Euro!

Thing is, those who work for such companies and LIVE in France have seen their salaries increase by 40% in last 2 years but virtue of the exchange rate alone. But if you live in CH, it is really not funny. Did you accept??
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Old 08.08.2011, 10:32
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Re: Ok then, we'll pay you in Euro!

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But at the current exchange rate, and with the CHF probably weakening in the mid/long term, that is a good idea ? The ubiquitous 120KCHF , paid as 120K Euro must surely be a canny move for employees ?

I am sure 120K Euro now will be worth a lot more in Switzerland this time next year.

Unless of course the employers are saying they will pay the Euro equivalent salary, meaning the going rate outside of Switzerland and not the Swiss salary in Switzeland ?
Interesting theory, although im not sure on what basis. ECB curently spending european taxpayers hardearned on the most promising of investments, greek italian and irish bonds. The same ones we have been told by ....erm.... the ECB are worthless as default is most likely. So you think that will strengthen the Euro?
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Old 08.08.2011, 11:52
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Re: Ok then, we'll pay you in Euro!

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Had a call from an agency about a contract in Geneva, all was fine until they mention the pay in Euros, Swiss Company, Swiss Agency.

That argument was that most applicants would be cross border workers.

Such is life, just another little challenge for us people who actually live here.
Just saw a note from UBS forecasting the euro will back in the range 1.2 to 1.3 CHF in some months; if you believe that then you will have a good deal if paid in euros.

I did say if
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Old 08.08.2011, 11:54
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Re: Ok then, we'll pay you in Euro!

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Giving notice & offering a new contract 'illegal', I don't think so.
There have been examples/cases where switching payment to euro was "verboten" - even reported here - do a search
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Old 08.08.2011, 11:55
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Re: Ok then, we'll pay you in Euro!

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Just saw a note from UBS forecasting the euro will back in the range 1.2 to 1.3 CHF in some months; if you believe that then would you like to buy a bridge?.

I did say if
Fixed that for you.
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Old 08.08.2011, 12:17
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Re: Ok then, we'll pay you in Euro!

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Thing is, those who work for such companies and LIVE in France have seen their salaries increase by 40% in last 2 years but virtue of the exchange rate alone. But if you live in CH, it is really not funny. Did you accept??
No, I planned to start looking at the end of August begining of September and have work at the moment up to the end of next year if I want. However with the fall in rates and being currently paid in Euros my invoices are almost half what they were 3 years ago.

Agree challenging times for us who live here.
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Old 08.08.2011, 12:26
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Re: Ok then, we'll pay you in Euro!

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Just saw a note from UBS forecasting the euro will back in the range 1.2 to 1.3 CHF in some months; if you believe that then you will have a good deal if paid in euros.

I did say if
Depends on what rate they would convert the CHF salary to €uros. At current rates maybe a deal, however I believe they are more likely to propose the rate from a few months ago.
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