Author: Archive

UKMail

UKMail by Paul Carvell, Chief Executive Officer, Business Post Group plc

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Poste Italiane: No Share Offering This Year

The state-owned Italian postal service is looking towards a bourse listing, but not in the short term, Communications Minister Maurizio Gasparri said on Monday. The post office has set its sites on an initial public share offer as it has succeded in narrowing a 1.4 billion euro ($1.23 billion) 1997 loss to about 100 million euros last year amid an effort to modernise its offices and offer more sophisticated banking services.

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Deutsche Post falls out with staff over working hours

Deutsche Post AG, the German postal service operator, is embroiled in an argument with its staff over working hours. The trade union, Verdi, has cancelled a special ruling which says that daily working hours are no longer stipulated. It is believed that the argument centres around overtime payment, with the union claiming that employees should be paid for every minute extra they work.

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