03 September 2024 I Briefing
Sharing of Information on Salaries and Fringe Benefits Among Employers Violates Swiss Competition Law
The Secretariat (Secretariat) of the Swiss Competition Commission (COMCO) has published its closing report on its extensive preliminary investigation analyzing the conduct of more than 200 companies in relation to the exchange of information on salaries and fringe benefits. The Secretariat held that such an exchange could constitute an unlawful price cartel and be subject to fines. However, rather than opening formal investigations to impose such fines, the Secretariat decided to develop best practices in close cooperation with the relevant stakeholders such as employers, unions and agencies.