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Nordic logistics company instead of the Swedish post ?

A fusion between Denmark and Sweden's state-owned postal services is to produce a listed Nordic logistics company. The majority shareholder in the new company, which will have around 50,000 employees, will be the Swedish state. The Swedish daily criticises the move: "Postal services should be regarded as a natural monopoly which is not subject to market mechanisms. Their activities are far too important for that. Moreover, they are part of the national identity, which rests on ever fewer common symbols but which is necessary for the democratic functioning of a country. This is why I was grieved to see Sweden deregulate its postal system in 1993, before most other countries did. The liberalisation resulted in a series of blunders: gigantic lump sum settlements and pensions for general managers who went on to become CEOs, and employees who are exposed to increasingly difficult conditions."

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