Author: Archive

No further support for Irish An Post

Posted by | Dec 29, 2003 | |

The Government has bluntly warned loss-making An Post that it will receive no further Exchequer support, following the €12.7 million injection offered earlier this year.

During a meeting in October, the Minister for Communications, Marine and Natural Resources, Mr Dermot Ahern told the semi-state company that the State “is entitled to a return on its investment”.

The Minister this year refused to pass the company’s annual accounts until he was given guarantees that An Post had accepted cost cuts that would prevent a repeat of 2002’s €47.5 million losses.

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Deutsche Post confident of achieving 2003 target profit

Posted by | Dec 29, 2003 | |

Deutsche Post, the German postal service, has confirmed its profit forecast for 2003. The company expects to achieve an ebita of at least €2.9bn. This is almost as high as for last year, despite a drop of €300m resulting from a reduction in postage imposed by the regulatory authority.

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Swiss Die Post and Trade Unions Agree on Social Plan

Posted by | Dec 29, 2003 | |

Swiss postal services provider Die Post and trade unions have reached an agreement on a social plan for the company employees, who will be affected by Die Post decision to cut the equivalent of 500 full-time jobs in its postal offices, it was reported on December 26, 2003. In mid-December 2003, Die Post announced its decision to cut the equivalent of 800 full-time jobs as of 2004. The move was attributed to the drop of Die Post revenue from postal services.

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Royal Mail executive delivers, then quits

Posted by | Dec 28, 2003 | |

The executive in charge of the wholesale division of Royal Mail has quit, only days after a ground-breaking deal was struck with its rival, Business Post.

Adam Novak, head of the business that sells Royal Mail’s services to other postal groups, left his job just before Christmas. The division is crucial to the future of Royal Mail, which has warned that it could lose up to pounds 650m a year as a result of competition in its core markets.

Mr Novak has not been replaced and it is understood that his department, which was set up only in the early part of last year, is now being folded into Royal Mail’s regulation unit.

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UK TNT Express lands hospital delivery deal

Posted by | Dec 27, 2003 | |

The National Health Service has renewed links with TNT Express and signed a new three-year contract with the carrier.

The National Health Service Purchasing and Supply Authority originally chose TNT Express to deliver vital medical equipment and other essential items to hundreds of UK hospitals in 1999. The new contract, which is for an undisclosed amount, includes the option of extending the arrangement by a further two years.

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Japan Post introduces performance-based wage system

Posted by | Dec 26, 2003 | |

Japan Post and its labor union have agreed to introduce a performance-based wage and personnel affairs system for its 270,000 employees, starting April 2004, officials at the government-backed postal service provider said. The new system, designed to reflect employees’ performances and abilities on wages and bonuses, is to motivate workers and improve services for customers so as to prop up the loss-making mail delivery business, they said.

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Thailand Post and BAAC to cooperate

Posted by | Dec 26, 2003 | |

Thai Post Office has signed an MOU to undertake certain businesses jointly with the Bank for Agriculture and Agricultural Cooperatives (BAAC), Krungthep Turakij reported.

To prepare for privatisation, Thai Post Office is expanding its businesses. In 2004 the company expects to make 30% of its income from supplementary services like financial services and retail services and just 70% from mail services. The stamp price for sending a domestic letter will be increased from two baht to three baht in 2004, which is expected to raise Thai Post Office’s annual income from eight billion baht to nine billion baht. Thai Post Office still expects to operate at a loss in 2004.

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Japan's Mail delivery unprofitable in most regions

Posted by | Dec 25, 2003 | |

Japan’s Mail delivery services were profitable in only two service regions in Japan in fiscal 2000-2002 and unprofitable in the remaining 10 for each year of the three-year period, government sources said Thursday in reference to an estimate by the posts ministry.

The profitable blocks were Tokyo and Kanto, the region surrounding the nation’s capital.

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