Swisscom subsidiary Cablex plans job cuts
Cablex, the fibre-optic subsidiary of Swisscom, plans to cut a double-digit number of jobs. Roger Baur, Head of Communications at Cablex, confirmed the plan to the publication 20 Minuten, adding that "all affected individuals have already been informed". The job cuts are the result of price pressure in infrastructure construction, triggered by intense market competition. Increasing automation and the uncertain economic outlook also played a role, according to Baur.