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LIBERTY GLOBAL PLC

(LBTY.A)
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Liberty Global : Swiss telecoms unit to cut 600 jobs

04/26/2021 | 04:26am EST

ZURICH, April 26 (Reuters) - Sunrise UPC, the Swiss unit of Liberty Global, will cut 600 jobs by the end of 2022, following UPC's 6.8 billion Swiss franc ($7.4 billion) takeover of Sunrise Communications last year to create Switzerland's second-biggest telecoms group.

About 450 redundancies were expected, representing 13.5% of the workforce of 3,350 full-time staff, Sunrise UPC said in a statement after consultations with labour representatives.

Of that number, about 300 redundancies would take place this year and 150 in 2022. In addition, around 150 jobs would be reduced through attrition by the end of 2022, it said.

($1 = 0.9139 Swiss francs) (Reporting by Michael Shields; Editing by Edmund Blair)


© Reuters 2021
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Financials (USD)
Sales 2021 10 578 M - -
Net income 2021 11 207 M - -
Net Debt 2021 12 869 M - -
P/E ratio 2021 1,26x
Yield 2021 -
Capitalization 15 491 M 15 491 M -
EV / Sales 2021 2,68x
EV / Sales 2022 3,54x
Nbr of Employees 23 000
Free-Float 92,6%
Chart LIBERTY GLOBAL PLC
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Liberty Global plc Technical Analysis Chart | LBTY.A | GB00B8W67662 | MarketScreener
Technical analysis trends LIBERTY GLOBAL PLC
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Mean consensus BUY
Number of Analysts 21
Last Close Price 28,30 $
Average target price 39,45 $
Spread / Average Target 39,4%
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Managers and Directors
Michael Thomas Fries President, Chief Executive Officer & Director
Charles Henry Rowland Bracken Chief Financial Officer & Executive Vice President
John Carl Malone Chairman
Enrique Rodríguez Chief Technology Officer & Executive VP
Paul Alan Gould Independent Director
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