La Poste to run branch network as separate division

The chairman of France’s state-owned postal service La Poste said Monday its 17,000 agency network will to be run as an individual division. Chairman Jean-Paul Bailly said the move is part of a far-reaching plan to reorganize the network and increase the number of products and services sold by La Poste to individuals. From January 2005 the branch network will stand alongside La Poste’s three existing divisions: mail, parcels and financial services.

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