Swiss state-owned PostFinance to cut 141 jobs

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 ... Full story here Are you the author? Previous post See more for 3.) Swissinfo Business and Economy Next post
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