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Press release

Swisscom announces two percent pay rise

29 November 2004

Negotiations between management and labour on Swisscom salaries for 2005 have now been concluded: total salary payouts are to be increased by 2 percent. The general increase amounts to 1.7 percent of the basic salary. This measure does not apply to salaries which are currently well above the going market rate. These will be increased generally by 0.9 percent.

Swisscom has come to an agreement with delegations from the staff associations to raise the total salary payout by 2 percent with effect from January 2005. For most employees, the general increase will be 1.7 percent of the basic salary. As in 2004, this measure does not apply to salaries which are above the going market rate for the associated function. In these cases the general increase will be 0.9 percent of the basic salary, which will help to reduce existing wage differences. The remainder of the 2 percent pay rise will be used for individual salary increments. Minimum basic salaries graded according to function will be increased by 1.3 percent.

The decision is subject to approval by the governing bodies of the staff associations. The increase applies to all employees subject to Swisscom's collective employment agreement. Some 14,000 people (around 12,600 FTEs) are covered by this agreement.

With a 40-hour working week, five weeks' annual leave and flexible working time models, Swisscom offers its staff attractive terms of employment.

Berne, 29 November, 2004


Swisscom AG
Media Relations
3050 Bern