Coop reports wage increase
Following Migros' announcement of billions in investments in cheaper products, Coop is also sending out a signal: Employees' wages will rise in 2025 - a positive signal in times of rising inflation concerns.
At a time when, according to surveys, more and more people are worried about inflation, Coop is sending a clear message: employees' wages will continue to rise in the coming year. A general wage increase of at least 1 percent has been agreed for employees with a collective employment contract, while individual adjustments of the same amount are planned for management employees. Coop and the social partner VdAC have agreed on this measure, as Coop announces in its press release.
Over the last ten years, Coop has increased wages by a total of 10.7 percent, which corresponds to a real wage increase of 4.4 percent - a strong commitment to fair pay and to its attractiveness as an employer in the Swiss retail sector. The announcement coincides with Migros' billion-euro investment, which is responding to the current economic situation with price cuts. Coop is complementing the signal with a wage increase, which has generated a positive response in times of growing uncertainty on the labor market.
In addition to fair pay, Coop employees benefit from other advantages, according to the press release, including high employer contributions to pension funds, loyalty bonuses and numerous benefits. Since 2020, the "Fair Compensation" certificate from SQS has confirmed that Coop meets the criteria for fair pay.
