Oesterreichische Post to reconsider 1,700 job cuts, plans acquisitions in H1

The chief executive of Oesterreichische Post AG Anton Wais said he is reconsidering the 1,700 job cuts the national post office announced in the second week of December, according to the Austrian daily Oesterreich.

‘We can forget that number for the time being. I want to cool down this topic,’ Oesterreich cites Wais as saying.

Oesterreichische Post came under fire with its union after saying it will cut up to 1,700 jobs over the next four years as part of its current restructuring programme and following the loss of two major parcel clients from next year.

In September 2008, the post office is planning a large-scale parcel service offensive, according to Wais.

‘We are planning two to three acquisition in the first half of next year,’ Wais added.