By BR | 27.07.2010 | 15:11 ET in Europe

Polish postal service boldly cuts jobs

The board of directors of the Polish postal services has approved General Director Andrzej Polakowski’s restructuring plans, which are to prepare the company for the full liberalisation of the Polish postal market in 2013 and provide for the axing of 8,000 job.

The online edition of the news magazine Polityka backs the plan:

“Together with other costs, salaries certainly represent a large part of the ballast that Polakowski can toss overboard. In total he plans to save 1.7 billion złoty [420 million euros]. This sum also earmarks savings of 330 million złoty [82 million euros] through ‘optimising its post office network’. Certainly, one should praise the monopolist’s board of directors for pressing ahead with these bold reforms, nevertheless their impressive scale also shows unmistakably … how poorly the business has been run until now.”

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