Belgian post office piles up debts

20th November 2003, Comments 0 comments

20 November 2003 , BRUSSELS - Half of Belgium's debt-ridden post offices are in a state of disrepair while turnover for 2004 is set to fall for a second year running, according to the head of Belgium's postal services.

20 November 2003

BRUSSELS - Half of Belgium's debt-ridden post offices are in a state of disrepair while turnover for 2004 is set to fall for a second year running, according to the head of Belgium's postal services.

In a plea for more public funding, post office boss Johnny Johnny Thijs told a parliamentary committee that the service's losses this year were likely to reach EUR 50 million.

Thijs said urgent repairs costing EUR 150 million were needed to correct the delapidated state of the country's post office buildings.

He blamed the increasing popularity of elecronic mail for forecasts of a drop of three percent in turnover next year.

The post office needed to diversify its sources of business, he added, citing the fact that just 250 firms and institutions accounted for 35 percent of turnover.

13:00

Subject: Belgian news

















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