Austrian Post to cut jobs in parcels business as part of three-point plan
The supervisory board of Oesterreichische Post AG (Austrian Post) has agreed to reduce the number of employees in its parcels business in order to compensate for the loss of a major client from next year.
In a statement, Austrian Post said its board has given the go-ahead for a three-point plan, which involves reducing the number of employees in the parcels division, implementing further acquisitions in the B2B segment, and the upgrading of its delivery service.
The ‘service offensive’ plan comes after Austrian Post last week said it will lose catalogue-order company Quelle Oesterreich as a major client from next year, and issued a warning saying it expects operating results to be reduced by around 20 mln eur a year as a result.
No changes will be made to the existing board of directors, Austrian Post said.
