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Telecoms company Swisscom has announced plans to cut 400 jobs in 2013 while at the same time creating 300 new positions in growth areas of the business.
The Swiss group, which employs 16,415 staff, said that the move will result in restructuring costing around 50 million Swiss francs ($53.7 million).
10 years ago voice telephony was the single largest source of revenues, but its contribution has declined strongly ever since. At the same time, Swisscom has built numerous new businesses with which the company generates a multibillion revenue stream, thereby nearly compensating for the erosion of the classical telephony business.
The company also announced that it will begin testing its fibre-to-the-street (FTTS) network in the small community of Flerden, where residents will be able to connect to Internet services at speeds of up to 50 Mbps, increasing to 100 Mbps next year.
Flerden is one of three communities where Swisscom is testing its FTTS technology, the other two being Charrat and Grandfontaine. The company is investing 1.7 billion Swiss francs ($1.8 billion) into its next-generation network this year, and in 2013 plans to begin a nationwide deployment.
By the end of 2020, Swisscom is planning to provide around 80% of Swiss households with ultra-fast broadband using a mix of technologies.
So if its cutting 400 jobs but creating 300 in other areas, will these 300 be offered to the 400 people set to loose their jobs?
I hope so, surely that would be the fairest option?
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