Complex sentence: Work was being done on restructuring the Faroese postal system, with the intent being for Postverk Føroya, which was a public institution, to be reorganised into a type of joint-stock enterprise.
Split into simpler sentences: Work was being done on restructuring the Faroese postal system. The intent was for Postverk Føroya, which was a public institution, to be reorganised into a type of joint-stock enterprise.