Home NEWSBusiness Swiss city employees get big pay surprise — RT Business News

Swiss city employees get big pay surprise — RT Business News

by Nagoor Vali

Authorities in Zurich paid metropolis employees double their February wage because of a technical mistake, an announcement printed Monday on the official web site of the Zurich Metropolis Council mentioned.

In line with the assertion, the error occurred when state-owned Zuercher Kantonalbank (ZKB), which handles town’s wage transfers, was processing this month’s funds. A glitch because of defective software program resulted in wages being despatched out twice.

The software program was supplied by one of many contractors of Swisscom AG, the nation’s main telecommunications firm, which processes fee transactions for ZKB. In an announcement late on Monday, the corporate mentioned it was conscious of the incident and had launched an inner investigation into its trigger.

In complete, Monday’s wage funds amounted to some 350 million francs ($400 million), half of which was despatched in error. Zurich authorities mentioned town workers – some 30,000 individuals – can’t hold the additional funds and are obliged to return them. The assertion was not clear, nonetheless, on how this could be achieved, stating solely that the individuals affected shall be “promptly knowledgeable concerning the particulars of the compensation.”

“The ZKB apologizes to all workers of town of Zurich for the inconvenience brought on. The financial institution is working with town of Zurich on a proposed resolution for a easy compensation of the quantity paid twice,” the assertion from the financial institution learn.

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The incident brought on a flurry of feedback on town’s intranet, with some locals joking a couple of “pilot mission for the 14th month wage” or an “inflation adjustment,” whereas others had been calling for a repeat.

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