Earlier this week, voters in Switzerland went to the polls and said "no" to an additional two weeks vacation a year.
In a national referendum, 66.5% opposed the chance to put Switzerland in line with its neighbor Germany, where employees enjoy six-week paid vacation every year.
The Swiss apparently considered previous warnings of the government and business representatives who claimed that an additional fortnight of paid holidays increase labor costs and put their economy at risk.
“In rejecting the initiative, citizens have kept a sense of reality,” says Hans-Ulrich Bigler, director of the Swiss Union of Arts and Crafts, which represents about 300,000 businesses, in a statement. The two weeks could have cost the economy 6 billion Swiss francs ($6.53 billion) a year, he says. Full story...
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In a national referendum, 66.5% opposed the chance to put Switzerland in line with its neighbor Germany, where employees enjoy six-week paid vacation every year.
The Swiss apparently considered previous warnings of the government and business representatives who claimed that an additional fortnight of paid holidays increase labor costs and put their economy at risk.
“In rejecting the initiative, citizens have kept a sense of reality,” says Hans-Ulrich Bigler, director of the Swiss Union of Arts and Crafts, which represents about 300,000 businesses, in a statement. The two weeks could have cost the economy 6 billion Swiss francs ($6.53 billion) a year, he says. Full story...
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