Thread regarding Thomson Reuters 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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| 1285 views | | 4 replies (last ) | Reply
Post ID: @OP+VH4lYz7

4 replies (most recent on top)

So potentially 143 jobs at risk in Geneva (plus other contractors in other departments). That will leave a building of this size nearly empty...

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Post ID: @eac+VH4lYz7

I appreciate the pledge. Certainly better than a cringe worthy pledge for Refinitv

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Post ID: @hyx+VH4lYz7

sigh....

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Post ID: @jdc+VH4lYz7

And we just got the official information out of 23 contractors.... 23 might be impacted by the cut.

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Post ID: @luh+VH4lYz7

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