Author: Archive

Consignia delays pounds 1bn deal to avoid a strike

Posted by | Jul 28, 2002 | |

Consignia has offered to delay a pounds 1bn plan to part-privatise its facilities department by three months in an attempt to see off a national postal strike.
The proposal was made at a heated meeting with Communication Workers Union (CWU) officials on Thursday, hours before the union was due to ballot its members on industrial action.
But it is understood the union has given the postal group a two-week ultimatum to agree to concessions before it asks its 180,000 Consignia members to vote on a series of one-day walkouts.
Consignia, chaired by Allan Leighton, wants to transfer 7,000 postal workers to a new company, 49 per cent owned by construction company Balfour Beatty.

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Consignia looking to sell overseas ops

Posted by | Jul 28, 2002 | |

Consignia PLC chairman Allan Leighton is planning the sale of the Post Office and Royal Mail Group’s overseas operations which could be worth up to 500 mln stg, the Observer reported, citing senior Consignia sources.
The sources told the newspaper Leighton is “sceptical” about the value of the General Logistics Service division to the overall business, and that he prefers a sale which would reduce the company’s debt by between 450-500 mln stg.

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Few takers for pensions sold at post offices

Posted by | Jul 27, 2002 | |

A much-trumpeted initiative that saw the Post Office marketing stakeholder pensions throughout its branch network on behalf of Standard Life has spluttered to a halt, with just 2,000 sold in the past 15 months.
The figures show the life assurer sold an average of one pension for every nine branches of the Post Office’s 18,000-strong network.
Most sales took place in the weeks immediately after the launch of stakeholder pensions in April last year. It is understood that new sales throughout the entire UK post office network are now running at barely a dozen or so each week.

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Cycling team gets millions in postal funds

Posted by | Jul 26, 2002 | |

In July I am captivated by bicycle racing, specifically the Tour de France. I am in awe of athletes who can perform at that level in a three-week endurance test over more than 3,000 kilometers, and I have come to appreciate the strategy, planning and subtle skills demanded by a sport where individuals excel but can’t win without their team.
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Competing in the Tour de France has been compared to running 20 marathons in 20 days. If the Tour is not the most grueling, most demanding athletic event in the world, what is?
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On top of which, the saga of Lance Armstrong is one of the most incredible and thrilling stories in all of sports – and perhaps in all of life. Armstrong, who is on the verge of winning his fourth consecutive Tour de France, recovered from a metastasized cancer that kills two-thirds of patients within a year to become probably the greatest bicycle racer ever.
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But there is one thing I don’t understand: How come the U.S. Postal Service (that is, the Post Office) sponsors a pro bicycle racing team?

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Government decides to set up postal service management board

Posted by | Jul 26, 2002 | |

Federal Minister for Communications, Mr. Javed Ashraf Qazi has said that the government has decided to set up a high powered Postal Service Management Board for early development of postal sector. He said this while presiding over a meeting here Friday. The Minister said that postal information technology centers have been established at all the capital cities of the provinces and Islamabad for improving the skill of postal staff. He said that the Pakistan Post has earned a profit of rs. 490 million during the last two years.

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Delivery firms can step up business during post strikes

Posted by | Jul 26, 2002 | |

Delivery firms granted licences to compete with the Royal Mail have been given permission to increase their business in the event of industrial action by postal workers.
Industry regulator Postcomm has modified licences awarded to Hays Commercial Services and TNT.
It will allow them to carry out a wider range of activities for existing business customers if there is a strike.

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German monopoly body head says Deutsche Post stamps ops subsidize Postbank

Posted by | Jul 25, 2002 | |

Deutsche Post World Net AG’s profits derived from its monopoly on stamps may be more than 25 pct of sales and are so high it even subsidizes some activities of its Postbank unit, according to Martin Hellwig, chairman of the independent Monopoly Commission.

In his written comments published in Berliner Zeitung, Hellwig said the postal regulatory agency RegTP’s decision forcing Deutsche Post to cut stamps prices by an average of 4.7 pct next year do not justify plans by the company to cut 10,000 jobs and close down some postal branches.

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