Govt approves Postal Company restructuring strategy

Newsroom 21/06/2010 | 11:00

The government has approved the strategy for the restructuring and modernization of the Romanian Postal Company (CNPR). “The CNPR is being run on principles from 1952, and we wish to bring it to the level of 2010. At the moment, we are implementing a competitive organization plan, based on market principles, with profit centers. The Romanian Postal Company will not be sold, not during my term,” said Gabriel Sandu, minister of communications.

Shareholders in the CNPR, a company with state capital, are the Romanian government, through the Ministry of Communications, and the Property Fund.

The long-term strategy has several aims. The first is to turn the company around financially, so that at the end of 2014 it posts a gross profit of RON 50 million. The second is to up the revenues in the financial services segment so they represent at least 25 percent of the company’s total revenues by the same deadline. A third objective is to keep the market share at at least 75 percent of the correspondence segment until 2014. Another is to increase the market share to at least 20 percent of the domestic express delivery segment by 2014 and to increase the weight of courier, financial and mailing services to 35 percent of the company’s total turnover.

The restructuring measures will also see the optimization of the regional structure, as well as the development of five profit centers and five support & profit centers.

Additionally, a support agreement was signed between the Ministry of Communications and the Italian government, which stipulates that the Italian postal company will supply its Romanian counterpart with technical support in the logistics, financial services and strategy areas.

The re-organization of the CNPR has already started with the restructuring of regional directions reducing their number from ten to seven. The IT structure on which the company will operate was devised to be compatible with the e-Romania site.

Otilia Haraga


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