Slovenská Pošta cuts losses by 70 percent but still loses €2.7 million

State-owned postal services provider Slovenská Pošta (Slovak Post) reduced its losses from a forecast €8.6 million in 2012 to €2.7 million, Slovenská Pošta spokesperson Stanislava Pondelová announced on Thursday, March 21. The company reported a loss of €9.1 million in 2011.

State-owned postal services provider Slovenská Pošta (Slovak Post) reduced its losses from a forecast €8.6 million in 2012 to €2.7 million, Slovenská Pošta spokesperson Stanislava Pondelová announced on Thursday, March 21. The company reported a loss of €9.1 million in 2011.

"Despite the unfavourable economic situation, Slovenská Pošta carried out some key steps aimed at stabilising the company and putting a stop to the negative economic trend," Pondelová said, as quoted by the TASR newswire. According to her, the new management of Slovenská Pošta has also halted scheduled layoffs that were due to affect around 3,000 employees over the next three years.

Among the steps aimed at improving the results of the state-run company were a reduction in operating costs and an increase in revenues through the launch of new products. The company said it aims to break even without taking on any loans, and maintain current employment levels.

Source: TASR

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Bratislava will host the first technology festival

Apart from technology novelties, visitors will find the biggest game zone on the Danube embankment.

Six people involved in the surveillance of journalists, Kočner paid thousands

People who followed journalists for Kočner are trying to rid themselves of guilt.

Peter Tóth

Is the state aware of the Orwellian dimensions of the surveillance of journalists?

Our paranoias have come to life. Surveillance of journalists is unacceptable in a democracy.

Murdered journalist Ján Kuciak was surveiled, too.

Reinventing the wheel

Bratislava’s current bike sharing scheme is something of a curate’s egg: good in parts.

Yellow bikes are popular in Bratislava