The Swiss voice in the world since 1935

Swiss state-owned PostFinance to cut 141 jobs

PostFinance cuts 141 jobs, 'performance must be increased'
PostFinance cuts 141 jobs, 'performance must be increased' Keystone-SDA

PostFinance, the financial services subsidiary of Swiss Post, plans to cut 141 jobs in the coming months, mostly in administrative functions in Bern.

+Get the most important news from Switzerland in your inbox

“The challenges posed by market volatility, investor uncertainty and a difficult interest rate environment are putting PostFinance under pressure,” reads a statement today. The situation has worsened in recent months.

The financial institution therefore intends to ‘further strengthen its market position, increase performance, improve profitability and, in line with its strategy, focus fully on customer needs’.

The strengthening of the interest-independent business and the creation of higher revenues requires time and, at least initially, also investment, the management argues. “Efficiency and cost discipline are prerequisites for growth,” they add.

The planned restructuring requires “adjustments to the organisational model”. Concretely, the company expects “up to 141 terminations and 73 contractual adjustments” by the end of November 2025. The normal consultation procedure has started.

“We are aware that this news is painful for many of our employees and will cause uncertainty and concern,” said CEO Beat Röthlisberger. “That is why we will be accompanying them closely during this phase.” In his view, it is the company’s duty to take the necessary measures to ensure long-term competitiveness. “Standing idly by and watching is unthinkable,” the manager added.

If redundancies are unavoidable, well-structured social plans will be implemented, negotiated with the social partners, the company assures.

Translated from Italian by DeepL/mga

We select the most relevant news for an international audience and use automatic translation tools to translate them into English. A journalist then reviews the translation for clarity and accuracy before publication. 

Providing you with automatically translated news gives us the time to write more in-depth articles. The news stories we select have been written and carefully fact-checked by an external editorial team from news agencies such as Bloomberg or Keystone.

If you have any questions about how we work, write to us at english@swissinfo.ch

Popular Stories

Most Discussed

News

Investing in the US? Swiss companies are currently watching

More

Swiss companies reluctant to invest in US

This content was published on “Wait and see" seems to be the position adopted by large Swiss companies in the face of US President Donald Trump's trade policy.

Read more: Swiss companies reluctant to invest in US
Zurich city lake crossing to take place on 2 July

More

Swim across Lake Zurich to take place on July 2

This content was published on This year's Zurich city lake crossing is planned for 2 July. Should the weather not play ball or the water be too cold, two alternative dates are planned.

Read more: Swim across Lake Zurich to take place on July 2

In compliance with the JTI standards

More: SWI swissinfo.ch certified by the Journalism Trust Initiative

You can find an overview of ongoing debates with our journalists here . Please join us!

If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.

SWI swissinfo.ch - a branch of Swiss Broadcasting Corporation SRG SSR

SWI swissinfo.ch - a branch of Swiss Broadcasting Corporation SRG SSR