The once-proud Hellenic Post (ELTA) is trapped in a never-ending cycle of restructuring, leaving many wondering if it can ever truly recover. A decade of decline culminated in a staggering 250 million euro bailout in 2020, yet the results have been underwhelming, to say the least. Despite the massive financial injection, the postal service continues to struggle, now facing another round of downsizing just five years later. But here’s where it gets controversial: is this a case of throwing good money after bad, or is there still hope for a turnaround?
Currently, ELTA employs around 2,900 permanent staff and an additional 1,500 through external partners. For those permanent employees affected by branch closures, the options are limited: transfer to an open branch or accept a new assignment. While this may seem like a straightforward solution, it raises questions about job security and the long-term sustainability of the organization.
And this is the part most people miss: the constant restructuring isn’t just about numbers—it’s about the human impact. Employees are left in limbo, unsure of their future, while customers face reduced services and increased uncertainty. Is this the price of progress, or a sign of deeper systemic issues?
As Hellenic Post navigates this turbulent period, one can’t help but wonder: What does the future hold for this historic institution? Can it adapt to the modern era, or will it become a relic of the past? We’d love to hear your thoughts—do you think ELTA can turn things around, or is it a lost cause? Let us know in the comments below!