Deutsche Post, the German postal service operator, is not expecting a speedy agreement with the services sector union Ver.di regarding planned restructuring, as redundancies are possible for the first time in the company’s history with the merger of the German activities of subsidiaries Danzas, DHL and Euro Express. It is estimated that 1,600 out of 10,000 jobs in the three subsidiaries will become obsolete.
Read MoreMasaharu Ikuta, president of Japan Post, said he has not be notified of any government plan to split the postal service into three units as part of Prime Minister Junichiro Koizumi’s push to privatise the operation.
‘I am not aware of any plan to split Japan Post into three units under a holding company,’ Ikuta told a news conference when asked about a report in the Nihon Keizai Shimbun, Japan’s leading business daily.
Read MoreDeutsche Post, the German postal service operator, intends to cut around 10,000 jobs in Germany every year, but has no plans to extend working hours or to reduce personnel costs further. Management also revealed yesterday that it had reached an agreement with trade unions, as part of which it had committed itself not to make any staff redundant until March 2008.
Read MoreIn the late 1990s, the Italian post office found itself in a situation that many of its European counterparts knew all too well: The Internet and private couriers had transformed many postal activities into fully contestable markets. To make matters worse, the quality of Italian postal services was poor, public confidence in mail had suffered, and operating losses were nothing unusual.
If the post office was to remain an important part of Italy’s – and Europe’s – economic and communications landscape, a radical transformation clearly would be needed. Cost-cutting alone wouldn’t be enough. The quality, scope and cost-efficiency of mailing services had to improve.
Read MoreDeutsche Bank may have opened itself up to a possible conflict of interest with its recent plans to buy Postbank while it was also lead-managing the bank’s stock market flotation, the head of the German financial sector watchdog BaFin said Tuesday.
Germany’s biggest bank, which had been asked by the German government to examine the possbility of buying Postbank outright, may have opened itself up to “a conflict of interests as defined by the German stock trading law,” BaFin chief Jochen Sanio said in interview with the financial daily Boersen-Zeitung.
Read MoreDeutsche Post Announced as USPS’ New European Postal Partner
Read MoreDHL world’s leading express and logistics company announced Tuesday that in response to growing demand for shipments delivered within Asia Pacific, it has unleashed a marketing campaign that will run in Asia Pacific aimed at reinforcing the company’s leadership position in the region. The campaign underlines growing importance of Asia Pacific region in DHL’s global business portfolio.
Read MoreMCA Solutions, DHL and Click Commerce have announced that that the three companies have provided a joint outsourced solution to help facilitate Tellabs’ North American Spares Management Service. Tellabs, a leading telecommunications equipment provider, made the strategic decision to outsource its North American Spares Management Service in order to expedite its spare-part delivery timeframes and ensure the highest level of service to its customers.
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