Social partners agree on individual salary increases of 0.8 percent
This year’s pay negotiations between Swiss Post, PostFinance, syndicom and transfair have been successfully concluded. The social partners have agreed on salary measures of 0.8 percent and will increase the minimum wage by 200 francs. The changes will be implemented with the salary payment in April 2020.
Valuu celebrates first anniversary
Valuu has 6,000 registered users, is listing 17 mortgage lenders, is available as an app and in a desktop version, is available in French as well as German, and has brokered over CHF 100 million in financing solutions. A new user interface offering an even better experience is also set to be launched.
PostFinance to increase counter payment fees
As of 1 July 2020, PostFinance will be increasing the fees for making inpayments at branch counters and at other physical Swiss Post access points. This will apply to inpayments with red inpayment slips (IS) and orange inpayment slips with reference number (ISR).
Q3 figures: Results in line with expectations in a challenging market
In the first three quarters of 2019, Swiss Post achieved a Group profit of 263 million francs, which is 54 million francs lower than in the previous year. The decisive factor behind this downturn are the challenging market conditions, resulting in a reduction in interest income at PostFinance of 129 million francs.
PostFinance campaign sees digital banking speak to customers and passers-by
Since the end of October, PostFinance has been focusing on its digital banking with a large-scale advertising campaign. It will run throughout Switzerland until 24 November. Various statements about digital banking appear on posters, flyers, online advertising, Postomat screens and the website as well as in branches, on social media, TV and WebTV, advertising PostFinance’s digital banking features that save time and are available at all times.
Bernadette Koch appointed as a new Member of the Board of Directors of PostFinance
The extraordinary PostFinance Ltd General Meeting has elected Bernadette Koch, who was nominated by the Swiss Post Ltd Board of Directors, as a new member of the PostFinance Ltd Board of Directors. She succeeds Marco Durrer, who has stood down from the Board of Directors. In Bernadette Koch, PostFinance is gaining someone with in-depth knowledge of the Swiss banking landscape and who has a broad, cross-sector network at her disposal.
Interim results for 2019: Swiss Post needs new sources of income
Lower interest income from PostFinance and continually falling letter volumes had an impact on Swiss Post figures in the first half of 2019. With a profit of 193 million francs, the Group’s earnings were 25 million francs lower year-on-year. The operating profit (EBIT) was also lower. Swiss Post Head of Finance, Alex Glanzmann, sees a need for action.
Quarterly result reflects challenges facing Swiss Post
Swiss Post generated a lower result in the first quarter of 2019 than in the prior-year period. At 130 million francs, Group profit was down 17 million francs year-on-year. At 172 million francs, operating profit (EBIT) was also 35 million lower than in the previous year.