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A roundup of the latest news on Wednesday

GenevaTimes by GenevaTimes
January 28, 2026
in Switzerland
Reading Time: 3 mins read
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A roundup of the latest news on Wednesday
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New job cuts are announced in Switzerland in 2026; Swisscom subscriptions will become more expensive from April; and more news in our Wednesday roundup.

More job cuts announced in Switzerland

Due to the reorganisation of its print and digital divisions, the Tamedia media group will cut 25 to 30 full-time jobs this year.

IKEA’s Swiss subsidiary said it could also eliminate up to 60 administrative positions at its headquarters in Spreitenbach, Aargau. 

The reason cited for these cuts is that “IKEA needs a simpler, more efficient, and more focused organisation.”

These job losses will be in addition to the ones already announced:

READ MORE: Thousands of job cuts announced for Switzerland in 2026 

Swisscom to increase the price of its subscriptions

From April 1st, Internet and Mobile subscriptions at the country’s largest telecom will cost 1.90 francs more per month, while those for television and the fixed network will cost 0.90 francs more.

This price hike will apply to both new and existing customers, the company announced on Tuesday. 

It said that customers will be notified in the coming days and “will have the option to terminate their contract early.”

This adjustment is a response to structural changes in the market, Swisscom said.

“While customers have seen their subscription power increase significantly in recent years, prices have continued to fall, unlike in all other sectors,” the company explained. “This has resulted in a decline in overall revenue that can no longer be offset solely by cost reductions and efficiency improvement.”

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 In 2025, Swiss trains were even more punctual than before

With 94.1 percent of trains running on time in 2025 – up from 91.9 percent the previous year – the SBB have improved its previous punctuality record, the company said in a press release on Tuesday. 

Regionally, trains circulating in the French speaking areas performed the best, with the punctuality rate of 98.9 percent.

In contrast, punctuality fell to 92.1 percent in Ticino, which the SBB attributes to “unreliable trains arriving late from Italy.” Punctuality was also affected by strikes in Italy and the closure of the Simplon line.

Similarly, the SBB pointed out that international passenger traffic affects the timeliness of Swiss trains: “Some trains arrive late in Switzerland, particularly from Germany, which impacts punctuality here.”

READ MORE: Switzerland’s SBB to replace unreliable German trains on key rail route 

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Franc continues to strengthen against the euro

Even though it gained value against the US dollar, the euro continues to lose ground vis-à-vis Switzerland’s famously robust currency.

The euro is now worth 0.9165 francs, hitting a low not seen in a decade. 

This development is not a surprise to economists, who had forecast that the franc would maintain its upward trend in 2026:

READ MORE: Will the Swiss franc continue to gain strength in 2026? 

If you have any questions about life in Switzerland, ideas for articles or news tips for The Local, please get in touch with us at news@thelocal.ch

 

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