Ernst & Young to develop strategy for Poczta Polska

According to the president of Poczta Polska Mariusz Wiatrowski the strategy will be ready by the end of the year. Telecommunications Minister Maciej Srebro said the short-term strategy does not forecast privatization of Poczta Polska but, “some kind of commercialization will be necessary.” He added that Poczta Polska will become a majority shareholder in Bank Pocztowy (BP) soon and that taking control of the bank will improve the company’s position in the money transfer services market. Poczta Polska will also be able to use BP branches to sell its services. According to Poczta Polska head of strategy and development Marek Ciuraszkiewicz the company, which employs 102,000 people, needs employment restructuring but no mass layoffs are expected. (Prawo i Gospodarka, pages 1, 2)