The Swiss Times - Swiss News in English

Post to be Allowed to Deliver Newspapers Later

The Swiss Post has announced plans to no longer require newspapers to be delivered by 12.30pm. Post-CEO Roberto Cirillo said that many people are no longer at home during the day, so it makes no difference when the letters and newspapers are delivered. He also said that the postal services must keep up with the times and that the government must provide a framework that allows the Post to make decisions based on the needs of customers. In addition, the Post has announced plans to save 40 million francs, which will result in job losses. However, the exact number of jobs to be cut has not yet been determined. The Post also plans to reduce costs for systems, which will be implemented by 2024 and take effect by 2025. In the first half of 2023, the Post's profits halved compared to the previous year, amounting to 118 million francs - 141 million francs less than the previous year.

©Keystone/SDA

Most Read

Sunday, February 11 – Round Up

11 February 2024
ZHdK's turmoil, dormant pension assets, and innovative solutions to the housing crisis. Stay informed with Sunday's top stories.

ETH President Highlights Financial Strain Despite Federal Savings Plan

11 February 2024
ETH President Mesot contradicts the Federal Council's plan to cut CHF 50 million from ETH Zurich, emphasizing the importance of reserves.

Swiss Production Sees Q4 Downturn Despite Sales Uptick

16 February 2024
Swiss production
Swiss production falls in Q4, challenging industry but with a rise in sales, showcasing sector resilience amidst economic complexities.

Temenos: Accounting Irregularities & Failed Products

16 February 2024
Temenos' journey through innovation, financial challenges, and accusations.

Stay in Touch!

Noteworthy

Zurich Commercial Court Summarizes Investor Lawsuits Regarding UBS/CS Merger
18 February 2024
Swiss security
Swiss Security Chief: “We Have to be Prepared for War”
18 February 2024