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

In praise of concrete

It was once notorious for its drab tower blocks and urban crime, but Petržalka now epitomises modern Slovakia.

Petržalka is the epitome of communist-era architecture.

Slow down, fashion

Most people are unaware that buying too many clothes too harms the environment.

In shallow waters, experts are expendable

Mihál says that it is Sulík, the man whom his political opponents mocked for having a calculator for a brain, who “is pulling the party out of liberal waters and towards somewhere completely different”.

Richard Sulík is a man of slang.

Blog: Exploring 20th century military sites in Bratislava

It seems to be the fate of military sites and objects in Bratislava that none of them were ever used for the purposes they were built for - cavernas from WWI, bunkers from WWII, nuclear shelters or the anti-aircraft…

One nuclear shelter with a capacity for several hundred people now serves as a music club with suitable name Subclub (formerly U-club).