Czech Post closing 300 branches around Czechia

Czech Post is closing 300 branches around the country as of June 30 for financial reasons. The state owned company has also been laying off employees in order to mitigate its losses, which more than doubled year-on-year to 1.7 billion crowns in 2022. The management says the move is inevitable due to falling demand for traditional postal services. After the closures Czech Post will be left with 2,900 outlets.