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Article: Terminations Coming to Swisscom.(Brief Article)
- Article from:
- The Online Reporter
- Article date:
- November 20, 2004
CopyrightCOPYRIGHT 2004 Rider Research, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Negative growth - don't you hate that phrase - has hit Swiss phone company Swisscom, just as it has every other European, North American and Asian first-world country. Swisscom CEO Jens Alder said on Swiss radio that the company is going to cut hundreds more jobs over the next few years. He said he sees no growth for the next three years at Swisscom, Switzerland's largest phone company and that the reduction of costs is "a survival strategy." Alder added that the terminations would be carried out in a "decent" way.
Swisscom is feeling the industry changes that are happening worldwide. ...
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