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Article: Correo mail service reorganizes.
- Article from:
- South American Business Information
- Article date:
- March 4, 2004
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Uruguay, Feb 28, 2004 (El Observador Economico/SABI via COMTEX)
The Uruguayan mail services Correo (Administracion Nacional de Correos) is implementing a voluntary retirement program hoping to slash its labor force by 500 employees from a total 1,900 labor force. Financially the move would allow the savings of US$65mil in labor costs and help to slash the US$235mil deficit of Correo. Additionally, Correo management is seeking the approval by the Congress of a project that enlarges its scope of services to ...