“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
More
Demographics
How retiring baby boomers could crash Swiss property market
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.
Eurostar plans direct link between London and Geneva
This content was published on
The Eurostar railway company wants to offer a direct connection between Switzerland and Great Britain for the first time in the coming years.
Lucy Liu to receive career award at Locarno Film Festival
This content was published on
The Locarno78 Career Achievement Award goes to American actress Lucy Liu. The award will be presented to her on Thursday 14 August on the Piazza Grande.
Swiss foreign minister travels to Israel and Palestinian territories
This content was published on
Swiss Foreign Minister Ignazio Cassis is travelling to the Middle East on Tuesday and Wednesday for official visits to the Palestinian and Israeli authorities.
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.
June 14 women’s strike: no equality without pay rises for women
This content was published on
Although pay inequality persists, large companies are ignoring the basic provisions of the Equality Act, Swiss trade union Unia criticised on Tuesday.
Israeli army has committed crimes against humanity, say UN investigators
This content was published on
The Israeli army has committed crimes against humanity of extermination by targeting civilian refugees in schools and religious sites, say UN investigators.
Swiss finance directors against abolishing ‘marriage penalty’
This content was published on
A large majority of cantonal finance directors reject both the popular initiative in favour of individual taxation and the counter-proposal. They favour joint taxation of spouses.
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.