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Cyprus Post Office seeks autonomy to improve service

The Cyprus postal service falls way short of EU standards, failing to reach even half of the EU target in postal delivery time, according to one official.
On average, around 40 per cent of standard letters reach their destination the following day in Cyprus, compared to the EU target of 85 per cent for priority letters, said Postal Service General Manager Vassos Vassiliou. Vassiliou said the problem boiled down to a lack of flexibility in decision-making. Cyprus joins San Marino, Jersey, Monaco, and FYROM in being the only countries out of 43 European countries that still have a Postal Service functioning as a government department. “We are one of five countries out of 43 in Europe still working as a government department. To make a decision as a government department, you need approval from the Communications Ministry, Finance Ministry, Cabinet and so on. There is no flexibility,” he said. “Postal services in other countries are either run by companies or autonomous organisations, like semi-government organisations. We are seeking autonomy, but this is a political decision,” he added.

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Business expansion brings new faces to Pall-Ex team

Sustained business growth has led to a number of new management appointments for pallet network operator Pall-Ex, just one year since the company moved its entire operation from Gotham to Ellistown Leicestershire. Pall-Ex has recruited a number of key professionals in marketing, business development, human resources and operations, to address current business demands and to contribute to the drive towards further expansion.

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UK Royal Mail tells MPs it will stamp out crime

Royal Mail said it prosecuted 300 of its staff last year for stealing from the post and other offences and has an 180-strong team dedicated to investigating crime in an effort by management to quash concerns about postal security.

Allan Leighton, chairman of the postal group, and Adam Crozier, chief executive, were yesterday grilled by MPs on various aspects of Royal Mail’s three-year turnaround plan, from post office closures to the scrapping of the second daily delivery. The executives told MPs that Royal Mail was reviewing its hiring policies and would cut its use of casual staff, who are not always properly vetted or trained.

In response to questions about a recent television documentary that showed negligence and theft among Royal Mail workers, Mr Crozier said the prosecutions had been for random individual acts, that the number of crimes was dropping and that no organised crime or regional pattern had been found.

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UK Royal Mail chief executive admits mistakes

Adam Crozier, the Royal Mail chief executive, yesterday insisted that management attempts to shake up the Post Office had not “destroyed” it but admitted they had led to some difficulties. The former Football Association boss was forced to defend the organisation as it came under fire from MPs of all parties at a Commons trade and industry select committee meeting. Mr Crozier admitted being shaken by a recent Channel 4 Dispatches programme highlighting criminality and other failings inside the Post Office but said a range of initiatives had been introduced to deal with this. Three big “change programmes” implemented at the same time had put the Royal Mail under stress. Failed letter delivery targets came along with a return to profit and other successes, he said.

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Deutsche Post seen as likely investor in Osterreichische Post

Deutsche Post, the German national postal service operator, is seen as the favourite to acquire a blocking minority stake in Osterreichische Post, its Austrian counterpart, when the latter undergoes partial privatisation. Osterreichische Industrieholding (OIAG), the Austrian state privatisation agency which currently owns the country’s postal service operator, is expected to give the go-ahead in June for the partial privatisation. According to OIAG, the management of the postal operator will examine, over the next two months, the earnings prospects which each bidder is likely to bring to each division of the group, and a decision will be based on this study.

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Spanish Seur delays plan to list after GeoPost takes stake in express transport firm

Leading express transport company Seur said Monday that it has put off plans to seek a stockmarket listing for at least three or four years following the acquisition of a 12.72 percent stake in the company by French group GeoPost.

Seur was initially planning to float the company next year.

Seur executive vice-president Ramón Mayo said: “Seur is not planning a stockmarket float within a period of three or four years, but will study then whether or not this possibility is convenient for the company in the future. Mayo said if Seur does eventually seek to list its shares it will do so accompanied by GeoPost.

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La Poste acquires 12.8% of Seur

La Poste, the French post office, has paid 90m euros for a 12.8 per cent stake in Seur, the Spanish parcel delivery group, up until now an entirely private company. The operation was carried out via Geopost, La Poste’s urgent transport subsidiary. La Poste is also acquiring 60 per cent of Seur’s Madrid franchise, its largest. UK investment bank Rothschild acted as advisor. Julian Recuenco, owner of Seur’s Seville and Malaga franchises, is the second largest shareholder after La Poste, with 6.2 per cent.

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