A bleak future for older builders
Over 18'000 construction workers took to the streets of Zurich recently in protest at plans to raise the retirement age and cut pensions. More strikes are threatened. The strike called by the construction unions Unia and Syna came in response to the impending expiry of the current national working contract for the building sector. In May, the Swiss Builders' Association representing employers announced that there were not enough funds to finance early retirement and that workers would either have to work until age 62 or accept a 30% drop in their pension plans. But the unions have suggested that bosses and workers instead contribute more to the pension pot. "Construction workers retire at 60 because they are physically exhausted and the companies no longer offer them any jobs," said Nico Lutz, from the Unia union. Swiss Public Television, SRF, wanted to find out more about life on the building site for older construction workers, and the health risks they face.
- Source: SwissInfo.ch
- Read article...
More Headlines
- Construction Partners, Inc. (NASDAQ:ROAD): Exploring Free Cash Flows
- North Korean leader's train arrives in China: reports
- Social Security: 7 Smart Ways to Get More Benefits
- French yellow vest protesters seek momentum on 15th week
- NASA Plans Manned Lunar Landing by 2028
- Iran says it has many options to neutralize 'illegal' U.S. sanctions: Tasnim
- Dozens arrested in protests against fifth term for Algeria president
- Iran says it has various options to neutralize 'illegal' U.S. sanctions: Tasnim
- If Working with Moscow Is ‘Collusion,’ It’s a Bipartisan Offense
- A Defense of Federal Arts Funding
- US
- up
- year
- market
- billion
- government
- China
- 2014
- growth
- oil
- CHINESE
- economic
- sales
- data
- prices
- Energy
- economy
- down
- investment
- shares
- Global
- President
- gas
- industry
- central
- markets
- Power
- deal
- European
- quarter
- Japan
- foreign
- public
- Trading
- top
- Stocks
- sector
- Capital
- banks
- Tax
- development
- media
- executive
- rate
- Dollar
- LONDON
- Apple
- technology
- WASHINGTON
- profit
- interest
- revenue
US Stocks
- Garmin Earnings: 3 Takeaways
- CoStar Group, Inc. Bookings Soar 47%
- How General Motors Is Revamping Its Slowest-Selling Crossover SUV
- Stellar's 3 Most Intriguing Blockchain Partnerships
- George Soros Just Bought These 2 Biotech Stocks. Should You?
- Tax Reform Masks Earnings Declines at Graham Holdings
- Why Is No One Talking About Buckeye Partners, L.P. Stock?
- Leucadia Posts a Strong Finish to 2017
- Dorman Sees a Stronger 2018 Ahead
- Appian (APPN) Q4 2017 Earnings Conference Call Transcript
- Fitbit Makes an Acquisition That Might Finally Matter
- Wider Losses Worry NxStage Medical Shareholders
- 3 Things MercadoLibre's Management Wants You to Know
- 4 Things ManTech Wants Investors To Know
- What to Watch When EOG Resource Inc Reports Q4 Results
- Will J.C. Penney Benefit From Upheaval at Toys "R" Us?
- Why Is the NEO Cryptocurrency Soaring Today?
- A Foolish Take: Teens Will Keep Leaving Facebook
- A Foolish Take: Warren Buffett Has Crushed the Market for More Than Half a Century
- Here's Why MiMedx Group Inc. Is Crashing Again