Österreichische Post AG Supervisory Board decides to advertise posts of Members of the Board

New in-house agreement to provide more flexibility as well as
safety and security in the branch network

At its latest meeting, the Supervisory Board of Österreichische Post AG has unanimously decided to advertise the posts of all four members of the Managing Board. In line with the respective legal provisions in Austria, the posts will be advertised in the “Wiener Zeitung” as of next week.

The President of the Supervisory Board, Dr. Peter Michaelis: “After the successful going public of the enterprise, we think it is in the interest of the company to try and ensure continuity in the company’s top management as early as possible.” The existing contracts with the current Members of the Board will expire as of 30 June 2007.

In addition, the Supervisory Board adopted an in-house agreement on the piloting of flextime models in the branch network. In this way, Österreichische Post AG not only intends to make capacity usage more flexible, but also to adapt HR deployment to actual customer frequency.

Another in-house agreement approved by the Supervisor Board introduces a new security concept that provides for increased surveillance in post offices. In the interest of the safety and security of both customers and staff, the surveillance systems used will make it possible in the event of security-relevant incidents (hold-ups, thefts, burglaries, fraud) to monitor and record what is happening, thus making it easier to identify the offenders.

For more information please contact:
Österreichische Post AG
General Secretariat
Public relations
Michael Homola
Phone: +43 (1) 515 51 – 32010
E-Mail: [email protected]
Vienna, 18 August 2006