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Press release

Swisscom salary negotiations concluded

30 October 2001

The general increase amounts to 1.5% of the basic salary and applies to all employees governed by the collective labour agreement (Gesamtarbeitsvertrag:GAV). On top of the general increase Swisscom will provide a further 2.2% for individual salary reviews.

The favourable outcome of the negotiations comes despite a rather difficult time for the economy as whole but is made possible thanks not only to Swisscom´s financial situation but more importantly to the value the company attaches to its workforce. It also confirms once again Swisscom´s position as an attractive employer.

Berne, 30 October 2001


Swisscom AG
Media Relations
3050 Bern