Czech Post to close 300 branches in July
Czech Post has published a list of 300 branches that it plans to close down in July of this year within extensive cost-cutting measures. The cuts are necessitated by a sharp decline in demand for postal services. According to newly approved regulations every municipality of over 2,500 people must have a post office within a distance of three kilometers, not two which was the previous norm. This will allow Czech Post to close down 300 of its current 3,200 post offices. The move has raised concern among elderly people living in small villages whose branch is due to close.