Poczta Polska's restructuring plan will not save it from market forces

Poczta Polska (PP) will need zl. 4.1 billion to go ahead with its restructuring programme recently presented to the Sejm's Infrastructure Commission. Around zl. 2.5 billion of the sum will come from external sources, while the remainder will be secured through a sale of PP's real estate and redundancies. Despite PP's relatively good state, by 2006 it may plunge as deep as zl. 930 million into the red after the national postal services market is liberalized. PP, which hopes to maintain its lead in the sector will only keep the loyalty of its clients through deep restructuring and extending the breath of its products. Interestingly, under its strategic plans the company is planning to quit its traditional activity sectors that now make up 75% of its revenues and turn towards express and courier parcels delivery, as well as banking and tourist services. (www.pulsbiznesu.pl) J.K.