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Sunrise Communications AG Class A ( (CH:SUNN) ) has issued an announcement.
Sunrise Communications AG is restructuring its organization to create clearer responsibilities, reduce hierarchy levels and consolidate overlapping functions, aiming to become faster, more agile and more effective in the Swiss telecommunications market. As a result of this reorganization and following a consultation process with employee representatives and the syndicom union, the company will cut 147 jobs, down from the initially planned 190, affecting both management and non-management roles but largely sparing Sunrise Shop and frontline customer service staff, while implementing a comprehensive social plan that includes financial support, outplacement services, bridging funds, special arrangements for employees over 58 and measures to help younger employees re-enter the labor market.
The most recent analyst rating on (CH:SUNN) stock is a Hold with a CHF45.00 price target. To see the full list of analyst forecasts on Sunrise Communications AG Class A stock, see the CH:SUNN Stock Forecast page.
More about Sunrise Communications AG Class A
Sunrise Communications AG is a Swiss telecommunications provider offering mobile, internet, TV and related communication services, with a focus on consumer and business customers across Switzerland. The company operates both through retail Sunrise Shops and customer service channels, emphasizing direct customer contact and nationwide coverage in a competitive telecoms market.
Average Trading Volume: 378,237
Technical Sentiment Signal: Buy
Current Market Cap: CHF3.29B
For a thorough assessment of SUNN stock, go to TipRanks’ Stock Analysis page.