Deutsche Post likely to maintain number of outlets after 2008
German postal services company Deutsche Post AG is likely to keep its current number of outlets throughout the country after the German letter delivery sector liberalisation in 2008, Deutsche Post’s CEO Klaus Zumwinkel said on June 6, 2005.
Currently, Deutsche Post maintains a network of nearly 12,500 outlets in Germany. Zumwinkel expressed confidence that the current collective labour agreement, which expires in 2008, will be renegotiated. He added that the company has so far managed to avoid layoffs, and will stick to the strategy in the future.
Zumwinkel forecasted profit growth from Deutsche Post’s logistics and courier service divisions, and from the company’s banking subsidiary, Postbank. He also said the current profit level of nearly 2.0 bln euro ($2.45 bln) from its letter delivery operations will be maintained, and that the company is seeking to achieve, before 2008, an equal share of profit contribution from the letter delivery business and the other business fields.
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Source: Handelsblatt
