Geneva is set to introduce 'the world's highest minimum wage' which will equate to £3,500 (N2,100,000) a month and £41,430 (N24,858,000) a year.
The Swiss city, which has a voter population of around 500,000, held a referendum with two-thirds backing the new measure.
The alterations, which had been rejected by voters twice before in both 2011 and 2014, will now come into effect from October 17.
Geneva is the world's second most expensive city, according to a cost-of-living index compiled by Expatistan. But it was hit particularly hard by the outbreak of Covid-19 due to its reliance on revenue from tourists and business visitors.
| Posted: at | |
TRENDING GISTS 
AMVCA 2025: Seven Doors & Lisabi: The Uprising Light Up Nollywood’s Biggest Night (Full Winners)
Kidnap Ring Busted In Anambra: Four Arrested In Daring Night Raid
Ex-AUN Provost, Professor Yusuf Attahir Baba Loses Three Children in Devastating Car Crash
Football Star, Lionel Messi-Marriage Rumours Stir Online Frenzy As Divorce Speculations Grow
El-Rufai & Peter Obi Meet at Cambridge Conference, Sparking Political Speculation Ahead Of 2027 Elections
"How My Mother’s Lover Rap3d Me" — 12 Year Old Victim Narrates Ordeal