- PostFinance’s 2018 consultation process is now complete.
- The Executive Board confirms the measures planned for 2019.
- Proposals by staff are taken on board and followed up.
- The company has agreed on measures with its social partners to accompany the redundancy package.
PostFinance operates in an extremely challenging market environment. The digital revolution is progressing at a rapid rate in the banking industry. Customer behaviour is changing as a result, and new competitors from other industries and countries are attempting to gain a foothold in payment transactions and retail banking. At the same time, PostFinance margins are gradually collapsing in the current negative interest rate environment, particularly due to the ban on issuing loans and mortgages. This is leading to a significant decline in revenue from interest operations.
To offset this negative development, at least in part, in the next few years PostFinance is planning to introduce various measures to increase efficiency, consistently exploit savings potential and hence reduce costs.