Swiss Post to bundle logistic services
Swiss Post intends to unite all its logistic services, including package, express and courier deliveries, into one unit called PostLogistics AG, Swiss Post said on February 21, 2006.
The move is part of the company’s attempt to harmonise its market presence and will affect a total 5,500 people, who will be employed by PostLogistics as of January 1, 2007.
With an average annual turnover of 1.2 bln Swiss francs ($917 mln/770 mln euro) PostLogistics will be the largest logistics company in Switzerland.
The board of directors of Swiss Post also approved the proposal to transfer the passenger traffic activities into the unit PostAuto Schweiz, effective July 1, 2006.
[Note: The abstract is based on information published by Swiss portal Borsalino and on Swiss Post corporate website.]
www.borsalino.ch,http://www.swisspost.ch/
