Czech Post needs restructuring, according to Prime Minister Andrej Babis in a post on Facebook.\u00a0He noted plans to sell unused real estate held by the Czech Post.\u00a0According to Babis, the money earned from the sales will go towards updating their technology.<\/p>\n
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\u201cThe old Czech Post is dead,\u201d Babis said. \u201cThe only solution is restructuring, which will make it a modern, competitive postal service,\u201d said Babis.\u00a0He expects the sale of unnecessary real estate and the purchase of new technologies.<\/p>\n
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Czech Post suffered a billion-dollar loss last year.\u00a0The current management prepared a restructuring plan that they forecast by 2021 will return a profit in the tens of millions of crowns.\u00a0Babis says their idea is unrealistic. \u201cIn this situation, it is extremely irresponsible to deceive the public, politicians, and especially workers with unrealistic promises. A positive economic outcome in 2021 is just a wish and a dream.\u201d<\/p>\n
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According to Babis, the company needs to hire quality managers. \u201dTo my knowledge, such a strategy has not yet been approved, Babis said.\u00a0According to him, the mail must remain state-owned. \u201cIt would be best to create a holding company as a joint-stock company to make the activities of Czech Post transparent,\u201d he said.<\/p>\n
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President Milos Zeman signed into law a bill to increase the total compensation the state provides Czech Post. The new cap is now 1.5 billion crowns an increase of one billion crowns over the previous limit of half a billion.\u00a0An increase in the upper limit of compensation was proposed in the Chamber of Deputies by Jan Hamacek because the current limit does not allow for full reimbursement of costs.<\/p>\n
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Between 2018 and 2022, expenses are estimated to rise to three billion crowns per year. According to Ham\u00e1\u010dek, the increase is due to a decline in the mail, and overhead to operate 3200 branches.\u00a0He wants to use the money to raise the payroll of the employees.<\/p>\n
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The post office will also receive CZK 800 million from the state to cover losses it incurred in 2013 and 2014. Of this total amount, the post office will receive 500 million in 2019 and the remaining 300 million in 2020.<\/p>\n","protected":false},"excerpt":{"rendered":"