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Press release

Swisscom outsources competence for Employment Market Centres

Berne, 02 April 2007

On April 1, 2007, Swisscom will sell its wholly owned subsidiary PersPec with a total of 13 staff to current Chairman of the Board of Directors Rainer Titze, current CEO Michel Golliard and Adrian Kempf, a long-serving member of the Swisscom management team. This move will help retain the know-how built up by PersPec over eight years.

PersPec supports employees with retraining and since being set up has been working with around 4,500 former Swisscom employees, along with several hundred employees from external companies following the spin-off in 2003. After completing the retraining programme, more than 80 percent of participants have benefited from a socially acceptable solution. Swisscom currently manages to re-employ around half of those individuals affected by workforce reduction measures through internal placement.

PersPec will remain a Swisscom partner for the purpose of implementing social plan measures. The range of services for affected staff remains unchanged. The management buyout will give PersPec the flexibility it requires to position its services more effectively in the marketplace.


PersPec expands range of services

The new PersPec Partners AG will also support companies and organisations in implementing changes in the HR area, by providing consulting services on managing change and restructuring projects, designing programmes to promote and maintain staff employability, and accompanying individuals and groups through the retraining phase. The company headquarters will remain in Berne. The 13-strong workforce will provide support for customers at four locations.


Support from the Swisscom Venture Fund

The management buyout is the Swisscom Venture Fund's 22nd project. The Swisscom Venture Fund provides advice and loans that enable the spin-off of business areas which are no longer part of Swisscom's core business. The aim is to retain the know-how and human resources in these areas of expertise.


Swisscom AG
Media Relations
3050 Bern