Swiss Post restructure going ahead as planned, says CEO

The postal service is going ahead with planned cuts to its nationwide network of branches, regardless of political initiatives, says CEO Robert Cirillo. The relevant decisions being implemented were made as part of the current Swiss Post strategy, Cirillo told the SonntagsBlick newspaper on Sunday. Without legal certainty, a seven-billion-euro business with some 46,000 employees could not be managed or reformed, said Cirillo, responding to questions about initiatives to reverse the cutbacks which will be discussed in parliament in autumn. + Get the most important news from Switzerland in your inbox It is “correct and important” that politicians are discussing the affairs of Swiss Post, Cirillo said. However, the 170 branches in question are not going to be simply “dismantled”. The plan is rather to convert them into branches with partners. Over the next four years, Swiss Post will invest CHF100 million ($119 million) in the development of these branches. + Read more: one in five ...