Swissair, the struggling Swiss aviation group, plans to raise SFr3bn ($1.7bn) through the sale of non-core assets over the next 18 months in a bid to reduce a SFr7.8bn debt burden which threatens to bankrupt one of the world’s proudest airline brand names
Read MoreConsignia is to terminate an exclusive deal with Alliance & Leicester to handle the cash paid by businesses over post office counters, in a move which could signal a change in the special relationship between the two organisations
Read MoreCASH machine charges will be levied on customers in rural areas who are forced
to turn to post offices for access to their cash.
Revenue at An Post grew by £26 million (#33 million) to £451.2 million but
operating profits fell £2.8 million to £7.7 million.
Consignia is turning to online shopping to save its troubled rural postal network.
Read MoreA radical scheme to transform rural post offices into government information `one-stop-shops’ which also provide banking services is among the proposals under scrutiny by the government. Anxiety is mounting over the future of 1,900 sub-post offices, following predictions from An Post that its post office division would show a £13 million loss this year. Group chief executive John Hynes last week described the losses as “unsustainable”.
Read MoreThe post Office is to shed more than 9,400 jobs in one of the biggest shake-ups in the organisation’s history, it was revealed yesterday. The massive clear-out, which represents about a quarter of staff in clerical, administrative and middle-management grades, will begin in October and take a year to complete.
Read MoreConsignia today unveiled a new delivery service for home shoppers using its network of Post Office branches throughout the UK as alternative delivery
addresses.
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