Tag: Switzerland

Swiss Post intends to continue to cut over 1,000 jobs a year in the coming years, director Ulrich Gygi said on April 2, 2006 in an interview for Swiss weekly SonntagsZeitung. Swiss Post employed a total 41,073 persons in 2005. As a result of the streamlining programme in the mail order sector, Swiss Post will cut nearly 2,400 jobs by 2009. Furthermore, the company will restructure its postal offices network. According to Gygi, the postal company spent between 30 mln Swiss francs (USD22.9 mln/19 mln euro) and 40 mln francs (USD30.5 mln/25.3 mln euro) in 2005 for the development of social plans for the affected employees.

The Swiss Post Office said on Friday that it made a profit of SFr811 million (USD616 million) in 2005. The state-owned company, which is affectionately called the “yellow giant”, also reported that it was ready for the partial liberalisation of its letter delivery service from next month. “Swiss Post has again worked well during 2005,” said Swiss Post head Ulrich Gygi. “We made a profit for the eighth time in a row. “The SFr811-million figure is only just under the record result of SFr830 million from 2004.” Swiss Post said that there had been good results across all sectors. Turnover increased by two per cent to SFr7.499 billion.