Polish Post gets ready for commercialisation

The Poczta Polska state-controlled postal service is entering a period of huge changes. The Post has already applied to the Ministry of Infrastructure for a decision on transforming the enterprise into a commercial company. This, according to Tadeusz Bartkowiak, the Post’s general director, should happen as soon as possible. “The Post should be listed on the bourse no later than a year following commercialisation,” says Bartkowiak. After the IPO, the State Treasury would still control the majority package of shares. The state-owned operator has already devolved into three centers of services: postal, transport and security for cash transports. The Polish postal service must restructure its operations and the level of employment before market liberalisation in 2009. A referendum on the upcoming changes has been organized among employees.