Swiss Post CEO Pascal Grieder wants the group's financial arm, Postfinance, to contribute a greater share of income to compensate for falling postal revenues. +Get the most important news from Switzerland in your inbox Swiss Post is losing around CHF85 million in revenue every year. In an interview with the SonntagsZeitung newspaper, Grieder blamed declining income from traditional letter and newspaper business for the poor finances. To compensate for the losses, the company, which is owned by the Swiss state, is increasingly focusing on additional business. A key lever is better utilisation of the high customer frequency, said Grieder, who has been in office since November. Around 250,000 people visit the more than 700 post offices every day. This frequency should be utilised more effectively for additional services. In particular, Swiss Post wants to expand its collaboration with Postfinance, for example by increasing the visibility and integration of financial services in the ...
