Thread regarding Refinitiv layoffs

Geneva Admin Contractors

Following the anouncement made here in Geneva. I would like to highlight a specific situation that we have with our fellow colleagues who are contractors for 5 to 6 years.

In a nutshell the customer admin contractors are in a very specific situation as they are integrated into the TR/Refinitiv workforce for years. They work in the same teams than regular employees, sharing the same supervisors, performing the same tasks , participating in the same projects and working the same hours. They also have the same badges, office equipment and supplies from the company.

BUT on the other hand there are many differences :

  • important salary gap between permanent employees and contractors.

  • Retirement plan discrepancy (2nd pilar as it is called in Switzerland).

  • And last but not least the possible package contractors might get if they are asked to leave, according to the Swiss Law their agency is not obliged to give them anything (or a month salary if I understood it well) disregarding how long they have been working here. While permanent employees will get packages depending of their time in the company and their age.

This reminded me this post on reuters.com years ago : https://www.reuters.com/article/businesspropicks-us-findlaw-dont-treat-c/dont-treat-contractors-like-employees-idUSTRE53063S20090401

My pledge was to not forget about them.

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| 2231 views | | 6 replies (last November 17, 2018) | Reply
Post ID: @OP+VHLBYHK

6 replies (most recent on top)

Can anyone update us with what happened in Geneva last week?

Numbers, groups impacted and what's he future looks like for the location and functions?

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Post ID: @ureh+VHLBYHK

How did our contractor collegues get treated in the end? Has Thomson Reuters washed its hands and turned a blind eye or have they stepped up ?

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Post ID: @9ycg+VHLBYHK

In practice when large redundancy schemes are implemented, an employer works out severance payments based on a collective agreement with a trade union or employee group.

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Post ID: @6gaa+VHLBYHK

additional months’ salary on top of the standard that is owed for the notice period. This is because of the practice of the Federal Supreme Court, which considers termination agreements not binding if such they are unbalanced in the favour of the employer. This is swiss law.

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Post ID: @4fmf+VHLBYHK

In the speech made by our leader it was stated all people been let go would be looked after. Is there is a reason to think differently for these workers?

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Post ID: @4sit+VHLBYHK

They should be given the same package as regular employees, can't see that happening though

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Post ID: @2xru+VHLBYHK

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