Originally posted on Business 360:
(CNN) – Earlier this week, voters in Switzerland went to the polls and said “no” to an additional two weeks vacation a year.
In a national referendum, 66.5% opposed the chance to put Switzerland in line with its neighbor Germany, where employees enjoy six-week paid vacation every year.
The Swiss apparently considered previous warnings of the government and business representatives who claimed that an additional fortnight of paid holidays increase labor costs and put their economy at risk.
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