Raiffeisen has announced it will cut up to 180 jobs next year, even as the bank posts one of its strongest half-year results.
The lender wants to save around CHF 60 million on staff and materials in 2027, to hold its cost-to-income ratio steady.
Raiffeisen says more than half the reduction should come through natural turnover, unfilled posts, and early retirements, though talks with staff representatives have only just begun.
It comes as first-half profit jumped 19% to CHF 659 million
Debate within SVP
Cracks are showing inside the SVP over Christoph Blocher's neutrality initiative, ahead of the 27 September vote
New biometric card is coming
Switzerland is rolling out its first biometric identity card, with applications opening from 2 October
Police warning in Jura
Jura police are warning young adults about a car-leasing scam that could leave them facing heavy financial and criminal consequences
SBB slow down new projects
Switzerland's rail operator will now prioritise maintaining its existing network over building new lines, its new president André Wyss has said
Mixed weather conditions for the weekend
Switzerland is heading into a mixed few days, with Saharan dust returning and thunderstorms sweeping in later today
Popular Geneva festival now underway
Geneva's La Bâtie festival opened its 50th edition yesterday with three weeks of theatre, dance, circus and music across venues around the city
