Raiffeisen Schweiz will reduce its workforce by up to 180 positions as part of a cost-cutting initiative targeting a CHF 60 million reduction in personnel and operational expenses by 2027.
The cooperative bank, which currently employs about 13,000 staff, plans to achieve most of the reductions through natural attrition, elimination of unfilled roles, cuts to external labor and early retirements. The restructuring also involves a reorganization into six departments, including two customer-facing units: Retail Banking and Corporate Clients & Trading, as well as a newly established Products & Solutions division.
Leadership changes accompany the restructuring. Philipp Ackermann will head the Corporate Clients & Trading department, while Patrick Lehner will lead Retail Banking. Two executive committee members, Roland Altwegg and Helen Fricker, will depart the bank in September as part of the reorganization. The bank is also seeking a new head for the Products & Solutions department.
