La Poste faces rough ride as it looks to compete in new EU
The run-up to the French referendum on Europe’s new constitution promises to be a busy time for La Poste.
Not only is France’s state-owned post office preparing to deliver 43m copies of the constitution to voters before they go to the polls on May 29, but at the same time parliament will be voting on a law designed to allow La Poste to compete in Europe’s liberalised postal markets.
Some executives fear the May 12 vote, which is likely to trigger a fresh political debate on the future of the post office, could be hijacked by those advocating a No vote in the referendum.
So while the new business is welcome in the short term, the intense focus the referendum may bring on La Poste’s future could be more of a burden.
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