Modernisation and slimming down called for at La Poste
In the new state plan contract drawn up for La Poste, the French national postal service operator, outlining targets and plans for the period 2003-07, it is envisaged that a sum of 1bn euros be invested in the modernisation of sorting offices, and that the group create a credit institution capable of providing property loans without prior savings with effect from 2005. However, it is reported that the position regarding pensions and the adaptation of the branch network of La Poste remains less clear.
