Swisscom cuts 400 jobs
"The change in the company has an impact on the workforce," writes Swisscom in a press release on Wednesday evening, referring to the reduction of a total of 400 jobs.
Although Swisscom will create around 300 jobs in the coming year, it will also cut around 100 management positions and 300 CLA positions. A well-developed social plan is in place for the employees affected, Swisscom continues. The associated costs would have a one-off impact of around CHF 50 million on Swisscom's income statement. This will be booked in the fourth quarter of 2012.
