Slovak Post office doubled its loss last year, officials split hundred-thousand-dollar bonuses
The state-owned company Slovak post has not been able to adapt to market developments. Last year it reduced its workforce by more than six hundred people and is closing branches, yet it is deepening its losses. It expects the loss to double this year, to EUR 25 million. The company made a loss of almost EUR 12 million last year, the second worst result for a state-owned joint-stock company in the past twenty years.