Year: 2003

ComReg opens up Irish postal market futher

Posted by | Oct 1, 2003 | |

The regulator for postal services has reduced An Post’s so-called “reserved” services, opening up more of the market to competition.

From January 2004, An Post will no longer have any monopoly over cross-border mail posted in Ireland, ComReg said today.
This includes mail to Northern Ireland, Britain, Europe and the rest of the world.

The regulator began opening up postal markets to competition in 1999 and around 55% of the letter post market will be liberalised by January.

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Huge disruption as UK postal workers strike

Posted by | Oct 1, 2003 | |

Thousands of postal workers walked out on strike, causing huge disruption to mail deliveries, with the threat of further action to come.

About 25,000 members of the Communication Workers Union in London were taking part in a 24-hour strike in a long-running dispute over allowances.

Picket lines were mounted outside mail centres across the capital and strikers said they were receiving good support from other workers and members of the public.

The Royal Mail urged people not to post letters in London, and admitted it could take several days to clear the backlog of post caused by the strike.

The union said the response to the walk-out had been “solid”, despite accusations that managers had been threatening some workers with the sack if they took part in the industrial action.

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USPS to set up health funds

Posted by | Oct 1, 2003 | |

The Postal Service intends to use $10 billion in retirement fund overpayments to set up a health benefit account for its more than 800,000 employees, the Postal Service’s chief financial officer said.

Richard Strasser said the money would lay the foundation for a health benefit retirement program estimated to cost more than $40 billion.

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Australian postal industry ombudsman established

Posted by | Oct 1, 2003 | |

The Australian Federal Government is to establish a postal industry ombudsman to handle complaints from people dissatisfied with postal services.

Communications Minister Richard Alston says the ombudsman will be a high-profile office to investigate complaints about Australia Post and others in the industry that join the scheme.

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UK Royal Mail fined £7.5m for missing targets

Posted by | Oct 1, 2003 | |

The Royal Mail is to be fined £7.5 million for failing to meet targets in two of its business services, the industry’s regulator has announced.

Postcomm gave 28 days’ notice of the fine, believed to be one of the biggest ever imposed by any regulator.

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UK Royal Mail given notice of £7.5m penalty for quality failures

Posted by | Oct 1, 2003 | |

Postcomm today gave Royal Mail 28 days notice that it intends to impose a financial penalty of £7.5m on it for failings in its service to customers.
The penalty relates to two of Royal Mail’s services used by business customers.

First Class Post Paid Impression (PPI) and First Class Response Services. Postcomm imposed an enforcement order on Royal Mail last December in relation to these products. The order required Royal Mail to take certain basic steps to ensure that service quality improved. In spite of this, Postcomm found that Royal Mail failed to do enough to ensure these services met their targets.

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Sweden Post Interim Annual Report

Posted by | Sep 30, 2003 | |

Sweden Post interim Annual Report – Jan-Sept 03
Key highlights:
Net sales totaled SEK17,954m (17,314).
P:LIBRARYPostalAnnual ReportsSweden Post interim Jan-Sept03.pdf
After-tax earnings totaled SEK-401m (356), including provisions totaling SEK-429m. Reversed provisions totaling SEK916m were included in the same period last year.
Measures for which provisions are earmarked will provide annual cost savings of SEK325m, of which SEK225m will be achieved already by 2004.
Adjusted operating earnings were SEK-147m (-425) including a provision of SEK-149m (0). hird-quarter adjusted operating earnings totaled SEK151m.
Cash flow before financing activities amounted to SEK-868m. Negative third-quarter cash flow of SEK-479m is seasonal and entirely attributable to vacation liabilities.

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Deutsche Post to co-operate with Post Danmark

Posted by | Sep 30, 2003 | |

Deutsche Post, Germany’s postal service operator, has signed a co-operation agreement with Post Danmark, its Danish counterpart, as part of which the latter will start working for DHL Express, the former’s subsidiary, in Denmark. The German group is also among the future bidders for the 25 per cent stake which the Danish state intends to sell in Post Danmark in the near future. The co-operation agreement is expected to improve Deutsche Post’s chances of being chosen as the buyer of the 25% holding.

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