Zuvo: Agreement on compensation payment
The early-morning newspaper delivery company Zuvo has reached an agreement with employee representatives. Employees with more than five years of service will receive a one-time compensation payment. Zuvo is contributing 450,000 francs to establish a fund.
Following discussions, the employee representatives and the management of the Zuvo delivery and sales organization have agreed on a one-off compensation payment for employees with more than five years of service. Zuvo has voluntarily made CHF 450,000 available for the creation of a corresponding fund.
The company announced at the end of March 2009 that it would be massively reducing the wages of its carriers. In future, the wage level will be at the level of other delivery organizations operated by publishers and Swiss Post in German-speaking Switzerland, as Zuvo announced on Friday. The measure is part of a larger cost-cutting package that also includes various optimizations in Zuvo's administration.
The company announced at the end of March 2009 that it would be massively reducing the wages of its carriers. In future, the wage level will be at the level of other delivery organizations operated by publishers and Swiss Post in German-speaking Switzerland, as Zuvo announced on Friday. The measure is part of a larger cost-cutting package that also includes various optimizations in Zuvo's administration.
