Czech Post extends delivery time for standard mail

Czech Post will extend the delivery time for standard mail to three days from the present two, as of July 1. According to the company, this is linked to cost cuts and the steady decline in interest in this service. Express mail will still be delivered within 24 hours. Due to growing competition on the market, Czech Post faces severe financial problems and is currently undergoing a major reorganization which includes closing down 300 of its branches around the country and laying off close to 1,000 employees.