Cablecom slashes workforce

Liberty Global's Swiss subsidiary Cablecom has said it plans to lay off up to 150 staff as part of its organizational streamlining, citing 'increasingly fierce competition.' Cablecom, Switzerland’s largest cable operator also said that Managing Director Rudolf Fischer will resign. He will remain in his post until a successor has been found, the company said. 'In the face of increasingly fierce competition and to enable the company to focus on its core areas, Cablecom is streamlining its organisational structures and senior executive departments as part of a programme to boost efficiency,' the company said. 'To cushion the effects of the job losses, the company will adopt measures such as recruitment freezes, making use of natural fluctuation, alternative working hours or early retirement schemes."

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