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Press release

Swisscom social plan on course: Key values agreed

29 June 2000

Swisscom and the staff associations today reached agreement on the key values regarding the 2001 - 2003 social plan. The measures, which have yet to be negotiated in detail, aim to make the restructuring process in 2001 to 2003 in the Swiss core business as socially-acceptable as possible

It has taken Swisscom and the staff associations six weeks to reach agreement on the key values of the social plan, which will replace the "Prospects" package of May 1999 on 1 January 2001. The aim of the new social plan is to avoid redundancies, as far as possible, from the restructuring process 2001 - 2003 in the Swiss core business. Every person affected should be offered socially-acceptable opportunities.

The emphasis will be put on quick re-integration into the employment market or arranging another solution. Proven tools such as the Swisscom labour market centre, start-up programmes and the employment society for long-serving employees will be continued but partially modified on the basis of past experience. The social plan should be agreed by autumn 2000.
The Swisscom Executive Board is pleased that, despite the intensity of the market conditions, a fair package could be drawn up jointly in the interests of those employees concerned.

The Swisscom Executive Board is pleased that, despite the intensity of the market conditions, a fair package could be drawn up jointly in the interests of those employees concerned.

Berne, 29 June 2000

Kontakt

Swisscom AG
Media Relations
3050 Bern

media@swisscom.com