Day: May 27, 2003

Cost of UK hi-tech mail office 'out of control'

Posted by | May 27, 2003 | |

Plans for the world’s most advanced automated international mail sorting office near Heathrow airport have spiralled out of control and behind schedule, as the loss-making Royal Mail prepares to announce another year of GBP200m in the red. The scheme – which was opposed by two former cabinet ministers, Stephen Byers and Chris Smith – was originally planned to cost GBP150m, but has risen to GBP367m. Costs may rise to GBP420m before the centre’s hoped-for completion in December, almost two years behind schedule, its critics claim.

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Leighton praises UK Royal Mail Group colleagues for better performance

Posted by | May 27, 2003 | |

Royal Mail today announced a pre-tax loss of GBP611 million for the year ending March 2003 – almost half the loss in the previous year – and is aiming to return to profit this current year. Chairman Allan Leighton said last year had been a year of progress. The underlying loss from day-to-day operations was GBP197 million – over GBP120 million, 38% better than a year ago. It is the first improvement in trading performance for five years and Mr Leighton said: “Our people have stopped the rot. They deserve the credit that for the first time in five years, trading performance is getting better, not worse. They have laid the foundations for a turnaround and put the company at the start of the road to profitability.”

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TPG and unions agree new collective labour agreement

Posted by | May 27, 2003 | |

TPG, the largest private sector employer in the Netherlands, and the negotiators for the trade unions ABVAKABO FNV, BVPP, CNV Publieke Zaak and vhp KPN & TPG have reached an agreement on a new collective labour agreement. This collective labour agreement has a term of one year and covers around 68,000 employees of TPG in the Netherlands. As a part of the agreement, arrangements regarding the contributions of both the employer and the employees to the present pension situation have also been agreed, whereby the pension will remain non-contributory for the employees. The trade unions will present the agreement to their members for approval.

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