The state will launch a large-scale transformation of the Czech Post this year. It will aim to reduce costs and modernize services. The possible division of the state enterprise will also be addressed.
It also wants to examine the functioning of the branch network, especially in large cities. Interior Minister Vít Rakušan (STAN) said at a press conference on Wednesday that the company would not survive without changes. The government will approve the transformation plan, and the changes should take about two years.
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In recent years, the Czech Post has been operating in the red. Last year, it halved its loss to CZK 681 million. In the previous year, it posted a loss of CZK 1.37 billion. Operating income rose by CZK 400 million to CZK 19.55 billion.
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