Sunrise cuts up to 450 full-time positions – austerity drive hits workforce

TVS News AI, editorially supervised, presents Sunrise cuts up to 450 full-time positions – austerity drive hits workforce.

The Swiss telecom group Sunrise plans to cut up to 450 full-time positions. This is reported by Handelsblatt. The background is the company's goal of significantly reducing its own costs.

Employees of the group thus face a wave of uncertainty. Exactly which areas are affected and how many employees will ultimately have to leave is not yet known in detail.

According to Handelsblatt, this much is certain:

It is not the first round of job cuts this year.

The current announcement thus joins a series of cost-cutting measures that the company has already implemented this year.

Why is Sunrise reaching for the red pen?

The company wants, according to Handelsblatt, to "significantly reduce its own costs." To this end, Sunrise is now cutting "many full-time positions." How the group is communicating the program internally and which areas are affected is not apparent from the information available so far.

Already the second wave this year

The move does not come out of the blue. In the months prior, Sunrise had already cut positions according to Handelsblatt. Now another cut is to follow – on the order of up to 450 full-time positions.

What is known so far – and what is not

What is known so far is the scale of up to 450 full-time positions, the cost-cutting target, and the indication that it is not the first round of job cuts this year. Details on the timeline, negotiations with employee representatives, or the specifically affected locations are not apparent from the reporting so far.