Spectator on facebook

Spectator on facebook

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.

Top stories

General Prosecutor filed a motion for the dissolution of ĽSNS

The Slovak Supreme Court received a motion to dissolve the extreme right ĽSNS party founded and led by Marian Kotleba.

Jaromír Čižnár

Russian spies allegedly recruit also Slovaks

They are using martial art clubs in Germany and dozens more in other EU states, in the Western Balkans, and in North America.

Illustrative stock photo

EC scrutinises state aid for Jaguar Photo

There is a question whether the scrutiny may impact the carmaker’s plans to invest in Slovakia.

The construction site of a brand new plant of Jaguar Land Rover near Nitra.

GLOBSEC forum will host guests from 70 countries

The 12th year of the conference will be attended by the highest number of participants in its history.

Slovak President Andrej Kiska gives the opening speech of The Globsec 2016 security conference.