Hays plc announces that the Circular and Listing Particulars in relation to the
demerger of DX Services plc (the ‘Demerger’) were published today and are being
posted to the shareholders of Hays. An extraordinary general meeting of Hays to approve the Demerger has been scheduled for 28 October 2004. Subject to shareholder approval, it is expected that the shares in DX Services plc will begin trading on 1 November 2004.
Following increasing speculation in the international press, TPG NV confirms today that it has recently made a non-binding preliminary bid for a 25 percent stake in Post Danmark, as a first step in a sales process organised by the Danish government. TPG is bound to confidentiality and will not be providing any further information about the status or the different steps in the process, but will of course inform the market without delay if and when a positive outcome for TPG will be achieved.
Read MoreUPS Mail Innovations, the business mail services unit of UPS, today announced its international mail services to help US businesses more quickly and efficiently move mail destined for international locations. Through relationships with a portfolio of global postal authorities, UPS Mail Innovations processes US-outbound business mail and transports it to postal authorities for final delivery to addresses in more than 200 countries. UPS Mail Innovations now offers international mail services thanks in large part to its April 2004 acquisition of the assets of OMNIsort International Inc. UPS Mail Innovations also provides domestic US mail logistics through its work-share relationship with the US Postal Service.
Read MoreSwiss voters had to decide Sunday whether they want to loosen the country’s tough rules on naturalizing foreigners, approve a national maternity leave program and halt a cost-cutting campaign to shut post offices. Referendums are the cornerstone of Switzerland’s system of direct democracy, and citizens cast ballots several times a year, often facing a bewildering array of questions. Turnout among the nation’s 4.7 million voters rarely exceeds 50 percent. The post office polls show no clear majority either way.
Read MoreDeutsche Post World Net AG is planning to close around 1,000 branch offices by the end of 2005, a spokesman for the company said.
‘After closing 600 branch offices this year, we will have a total of about 12,400 (branches). By next year, we will reach 12,000,’ he said.
The company said the goal of reorganising its network of branch offices — by closing offices in areas of very low demand — is to harmonize regulatory guidelines, customer demand and cost effectiveness.
Read MoreThe Union representatives and employees of International courier firm DHL on Friday called on fellow workers at Brussels National Airport to come out on strike in the near future in their support.
The call followed failed talks with the Center Democrat et Humaniste Party (cdH), one of the Brussels region’s leading political parties, over whether DHL should be allowed to expand its operations at Zaventem airport, the national airport in northeastern Brussels.
The cdH, fearing a backlash among local voters who are worried about aircraft noise, is opposed to DHL’s plans.
But the union’s representatives are worried that the US-based courier firm will scale down its Belgian operations massively if it does not get the go ahead to expand, a move that could lead to up to 2,000 job losses.
Read MoreGeneral Logistics Systems B. V. (GLS), headquartered in Amsterdam, presents a new network partner for Portugal: from spring 2005 onwards, the GLS Group will be cooperating with the Portuguese parcel and express service Personalis S.A., based in Lisbon. During the course of the coming year, GLS will also acquire a 25.1 percent stake in the new partner. GLS and its current network partner Transnautica S.A. mutually agreed to terminate the contract with effect from February 28th 2005, as Transnautica S.A. will concentrate in future more strongly on their core business (general cargo, container handling and freight forwarding).
Read MoreBelgian Prime Minister Guy Verhofstadt cancelled Friday a planned return to work after being injured in a car crash, keeping on hold a simmering political crisis threatening his government.
He had planned to resume work Friday to discuss a crisis over threats by global shipping company DHL, a major local employer, to pull out of Brussels airport due to restrictions on night flights.
But his spokesman said Verhofstadt would not be chairing a cabinet meeting as expected, and would be taking several more days to rest.
“He is still in too much pain and so will not be able to chair” the ministerial meetings, the spokesman was cited by the Belga news agency as saying, adding Verhofstadt had had a “very bad night.”
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