Bpost CEO: cannot rule out restructuring and possible job losses

Bpost SA

27/02/2024 06:31

BRUSSELS, Feb 27 (Reuters) - Chris Peeters, the chief
executive of Belgian postal operator Bpost  BPOST.BR , told
Belgian papers Le Soir and L'Echo on Tuesday that he could not
rule out staff cuts and a possible restructuring within the
company.
    Peeters, whose company has been under pressure due to
speculation that the Belgian government could choose other
companies to distribute Belgian newspapers, is due to address
the country's politicians on this matter on Tuesday.
    "We cannot rule out a restructuring," Peeters told the
newspapers.
    Bpost shares have fallen around 25% since the start of 2024.
The Belgian government has a 51% stake in the company.

 (Reporting by Sudip Kar-Gupta; Editing by Benoit Van
Overstraeten)
 ((sudip.kargupta@thomsonreuters.com;))