Business News
Russia's postal service to cut 33,000 jobs in 2010
Nov 23, 2009, 9:36 GMT
Moscow - Russia's national postal service plans to slash 33,000 managerial jobs in the coming year as part of rationalization measures, the state news agency Ria Novosti reported Monday.
State-run Russian Post, which currently has 415,000 employees, has already cut nearly a third of its management positions in the first nine months of this year, according the report.
'Russian Post will continue to optimize the structure and number of its managers in 2010, with the aim of lowering costs and raising the effectiveness of the service,' the company announced.
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