Novartis Increases Staff Pay by 1.5% from April 2010
From M2 Europharma (November 20, 2009)
20 November 2009 - Swiss drug maker Novartis AG (VTX: NOVN) said
Friday it will raise the payments of its employees in Basel and in
the plants in the Rheine valley by an average of 1.5% as of April
2010.
Well-performing employees can expect pay hikes of at least 0.5%,
Novartis added.
The company said it will continue concentrating on a payment
policy, oriented towards the market and personal performance and
reflecting on the trading results.
The works council has agreed on the measure, while the trade
union's general assembly has not responded to it yet.
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