Spanish government takes axe to mangement of postal services provider

In Spain the public works Minister, Magdalena Alvarez, has undertaken a major management restructure at postal services operator Correos. In July and August more than a dozen executives and middle management staff left the company, including financial director Diego Valle and head of communicaitons Emma Marin. Sources close to the company have indicated that the management restructure is not yet complete and that more departures could occur over the next few days.