Government Will Maintain La Poste Network
The French secretary of state for industry, Christian Pierret, yesterday told a gathering of France’s mayors in Paris that the French government has no intention of dismantling the network of the French post office (La Poste). Mr Pierret went on to say that the development of this network ‘goes hand-in-hand with that of La Poste’s financial services and insurance activities’. He was attempting to ally trade-union fears about the effects which the merger of the competitive activities of the French deposit and consignment office (CDC) and the French co-operative savings bank Caisses d’Epargne is likely to have on the financial services provided by La Poste. The unions are worried that this alliance will result in La Poste and Caisses d’Epargne’s being regrouped ‘within a single private structure.
