Author: Archive

Japan Post's mail service in big debt excess

Japan Post said Friday its mail service had a debt excess of 578.2 billion yen at the time of the public corporation’s establishment on April 1.

In January, before Japan Post came into being, its mail service was estimated to have a debt excess of 391.3 billion yen. But subsequent evaluations of land holdings and post offices across the nation resulted in the larger debt excess.

Japan Post’s entire capital as of April 1 came to 1,268.8 billion yen, according to its balance sheet.

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UK postal strike threatens to involve other unions

Postal workers have announced they will stage a one-day strike in London on Wednesday 1st October. They also threatened to carry out action with other unions if their dispute was not settled.

The Communication Workers’ Union, which wants increased pay weighting in the capital, may co-ordinate future strikes with Unison, the local government union.
Nick Wright, Unison’s regional general secretary for London, told the Financial Times that the idea was “excellent”, adding that Unison “would be happy to co-ordinate strike action with the CWU”.

The joint action could spread even further. Unison is today holding talks with two other unions representing local government workers – the GMB and the Transport and General Workers’ Union – to discuss “combining resources”, Mr Wright said.

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Mmmillions

Nightspeed Secure Worldwide Express has won a “250,000 contract to deliver the Golden Casket Group’s brand of sweets. It will deliver 350 parcels a day of ‘millions and trillions of tiny tasty chewy sweets’ to retail wholesalers and cash and carries.

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Irish Nightline agrees deal with FedEx

Express delivery and logistics group Nightline has announced an operational agreement with FedEx Express that will allow it take on 50 extra staff over the next two years.

Under the terms of the agreement, Nightline will make collections and deliveries for FedEx customers outside the greater Dublin area.

The link-up with Nightline is part of a major drive by FedEx into the Irish market in its bid to expand its Irish presence and challenge incumbent players such as An Post.

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