Employee proposals save Deutsche Post 270m euros

Deutsche Post, the German postal service provider, is reported in a survey on ideas management to have saved 270m euros last year by following advice gleaned from employees, representing savings of almost 1,500 euros per employee. In this respect, the company has therefore overtaken technologies group Siemens, which saved 249m euros last year by following employee suggestions. The survey included 307 companies in Germany, and reveals that, altogether, they saved 1.59bn euros last year through ideas from a total of 2.1 million employees, representing a substantial increase on the sum saved in 2004.