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Editorial: El Mundo

  • Favouritism and political favors in Correos have serious consequences for public coffers.
  • After five years of management under Juan Manuel Serrano, the company is at risk of bankruptcy.
  • The Government plans to invest more than 3,000 million euros to keep the company afloat.
  • Correos' business model is in a highly competitive and difficult environment.
  • Sánchez rewarded a close collaborator with a high salary despite lacking ability, leading to a severe deficit.

Conclusion: Correos' situation demonstrates the disastrous consequences of political cronyism and lack of professionalism in management. The Government should trust in credited professionals for its management.