Year: 2005

Emirates Post to float 40 percent shares in 200

Posted by | May 2, 2005 | |

Emirates Post will float at least 40 per cent ofits shares in the local market by the end of this year, a top official from the company said yesterday.

Abdulla Ibrahim Al Daboos, director-general of Emirates Post, said that the issue will first be discussed with the board of directors and then with the Prime Minister cabinet for the final approval. The IPO will do tremendous impact on the financial market.

He said the company was not planning to go beyond that limit, according to a report in Khaleej Times Emirates Post expects to boost its annual turnover by 10 per cent this yearby continuing to diversify its range of services and believes postal services across the Gulf region can follow its example.

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Japan Post to Expand Tie-Ups with Convenience Stores

Posted by | May 2, 2005 | |

Convenience store chains Daily Yamazaki Co. and am/pm Japan Co. will start accepting parcels for delivery by Japan Post at all their outlets in Tokyo on June 1, Japan Post said Monday.

With the two convenience store operators due to expand their partnerships to cover stores across Japan possibly from September, the public enterprise will be able to build a network of 13,000 always-open convenience stores in Japan for its “Yu-Pack” service.

The total breaks down to 8,100 outlets of Lawson Inc. , which launched the agent service in November last year, 1,700 stores of Ministop Co. , which will begin handling Yu-Pack parcels from June this year, 1,900 outlets of Daily Yamazaki and 1,300 of am/pm Japan.

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TNT provides High-Tech services to Getronics

Posted by | May 2, 2005 | |

Getronics has selected TNT Logistics as its partner for its European spare parts logistics. Getronics is one of the world’s leading providers of vendor independent Information and Communication Technology (ICT) solutions and services. Under this 5-year partnership TNT Logistics will be responsible for the total spare parts supply chain of Getronics in Europe. The total value of the 5-year contract is 50 million Euros.

TNT Logistics has been selected to operate the 6 regional warehouses, over 60 FSL’s (Forward Stock Locations), and more than 675 PUDO’s (Pick Up Drop Off points) across Europe. Transportation of the spare parts will take place primarily via TNT Innight and TNT Express services. Especially for this contract TNT Benelux & Multi Country Logistics has designed a state-of-the-art solution, which will be fully integrated within TNT Logistics’ existing pan-European high-tech spare parts network.

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Irish Minister warns post offices on electronic payments

Posted by | May 2, 2005 | |

The convenience of electronic funds transfer (EFT) means consumers are increasingly choosing alternatives to the post office, Minister for the Marine and Natural Resources Noel Dempsey warned at the weekend.

He told the annual conference of the Irish Postmasters’ Union (IPU) in Castlebar, Co Mayo, that over 65 per cent of new social welfare recipients were opting for EFT payments mostly as a result of customer choice.

EFT is not currently an option in post offices but “it needs to become an option quickly”, the Minister stressed.

Mr Dempsey explained that in recent meetings with the Minister for Family and Social Affairs, Séamus Brennan, they had agreed that all social welfare payment options would receive equal standing on social welfare application forms and for the time being the Department of Family and Social Affairs would not actively promote alternatives to the post office system of payments.

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An Post pay freeze continues

Posted by | May 1, 2005 | |

Moves to settle An Post’s pay freeze have stalled when management declined to meet Labour Relations Commission financial assessors while postal workers in Drogheda and Tuam continue with unofficial industrial action.

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Proposed Japanese postal savings bank to form branches in all prefectures

Posted by | May 1, 2005 | |

The government is considering having the envisioned postal savings bank set up a main branch in every prefecture in Japan, government sources told Kyodo News on Sunday.

The 47 core branches would be in charge of supervising loan application examinations at all local post offices following the planned privatisation of Japan Post, the sources said.

The postal savings bank is one of four units to be placed under a holding company when Japan Post is split up in April 2007 initiating a 10-year transitional period for privatisation.

The four units will respectively take charge of mail services, postal savings, postal life insurance and over-the-counter services. The over-the-counter services unit will take over the operation of the 24,700 post offices across the nation.

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UK Royal Mail reintroduces staff rewards scheme

Posted by | Apr 30, 2005 | |

How to reward staff. How to support them. How to retain them when the pool of young talent is declining all the time. These are just some of the issues faced by human resources departments every day. Royal Mail, one of Britain’s largest employers, confronts all these issues and more in its struggle to fight off increasing competition for postal services. This week, the state-owned organisation found itself in controversial territory after directors reintroduced a scheme rewarding good attendance by postal workers with prizes of cars and holiday vouchers. Unions said the scheme was a gimmick. Royal Mail, on the other hand, argued it was a genuine effort to boost staff commitment and morale.

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