Swisscom is shifting more IT jobs abroad.
According to CH Media, between 1,000 and 1,400 posts are planned for its hubs in Riga and Rotterdam, where wages are lower.
The sites, opened in 2019 and 2020, already employ up to 800 staff. Swisscom once insisted this would not affect Swiss jobs, blaming a shortage of specialists. Now, it openly cites cost savings.
The staff union fears several hundred domestic jobs will be lost in coming years.
The move follows Swisscom’s costly Vodafone Italia takeover, which pushed first-half profits down 25 percent to 625 million francs - though the group still plans to raise its dividend for the first time since 2010.
Geneva could foot the G7 bill
US NGO discovers Swiss child abuse cases
French singer banned by Paleo
Cars going uninspected
War may lead to rent rises
Not a heatwave, yet
