World Switzerland: Zurich Just Paid Its Workers Double in $200 Million Bank Glitch

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(Bloomberg) -- Zurich authorities have apologized to city employees after a technical glitch caused a double payment of monthly salaries that local officials are now trying to claw back.

About 175 million francs ($200 million) was sent in error on Monday, which was the payday for February, according to a statement.

Workers can’t keep the money, and officials are trying to devise a streamlined process so that the 30,000 employees affected can easily return it.

A technical error at state-owned Zuercher Kantonalbank, which handles the city’s salary transfers, is to blame. The bank itself said that faulty software from one of Swisscom AG’s contractors caused the glitch.

 
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