Swisscom cut almost 600 jobs in Switzerland last year
In view of the price war in Switzerland and the slump in roaming revenues due to coronavirus, Swisscom is continuing to put the brakes on costs. This has consequences for staff. Last year, the telecoms group cut 580 full-time positions in Switzerland.
The industry leader still has a total of 16,048 full-time jobs in this country. This is 3.5 percent fewer than a year ago. Swisscom has, however, created jobs abroad. Almost 250 additional jobs were created at the Milan-based broadband subsidiary Fastweb as a result of company takeovers and the hiring of external employees, as Swisscom writes in its annual report published on Thursday. At the end of December, the Group as a whole had 19,062 full-time positions, a decrease of 255 jobs (-1.3 percent).
In Switzerland, the downsizing of the workforce continues. Swisscom is also expecting slightly fewer jobs in its home market this year. "With prudent planning, Swisscom intends to absorb a decline as far as possible through natural fluctuation and retirements or find alternative solutions," the "blue giant" wrote in the communiqué. (SDA)
