Author: Archive

Osterreichische Post plans to slim down

Osterreichische Post AG, the Austrian post office, plans, as from
this autumn, to restructure its branch network, involving the
closure of between 700 and 1,500 unprofitable branches over the
coming years.

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German cabinet approves Deutsche Post sale

The German cabinet on Wednesday approved a finance ministry proposal to remove the remaining legislative obstacle barring the sale of a majority stake in Deutsche Post, the country’s post and logistics group. Berlin has not given any details about the size or timing of further share disposals. The proposal will now go before parliament.

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