22 November 2001
Effective 1 January 2002, Swisscom´s inhouse language services unit, whose main activity consists of translation, will become part of CLS Corporate Language Services AG. This decision is consistent with Swisscom´s development into a telecom group with an attendant focus on its core telecommunications business. In CLS Corporate Language Services, Swisscom has found a partner with the right capability to integrate the language unit´s 32 employees and service offering. The terms of employment for Swisscom staff members will remain the same, and they will benefit from the established expertise and client franchise of CLS.
CLS Corporate Language Services AG is Switzerland´s largest language services provider for the financial services industry, employing some 150 people. The firm has a Swiss and international client base of well over 100 companies and specializes in integral language solutions for the financial sector. CLS has offices in Basel (headquarters), Zurich, Lausanne, Chiasso and, in future, also in Berne. The integration of Swisscom´s language services unit provides CLS Corporate Language Services with an opportunity to strengthen its market position as a total corporate solution provider by acquiring a core franchise in the telecommunications industry.
Berne, 22 November 2001