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.