Swiss Post faces uncertain future
The Swiss Post Office has warned that it faces an uncertain future, even though it has just published the best half-year results in its history. The state-run giant says e-mail and increasing competition are taking their toll on the country’s postal services. Business appears to be booming. Its latest results, published on Thursday, show that the post office made a record first-half profit of SFr387 million (USD302 million) – nearly three times the SFr142 million posted for the first six months of last year. But despite the record results, Swiss Post’s managers are warning that the balance sheet may not look so healthy in future. “Our fears are justified,” said Swiss Post spokesman François Tissot-Daguette. “You can see it from these two figures: between 2000 and 2003, the number of letters we sent fell by 27 per cent and the number of packets by 32 per cent.”
Read More
