Year: 2005

German govt had not decided on when to sell Post pension obligations

Posted by | Apr 27, 2005 | |

German Finance Minister Hans Eichel said it has not yet been decided when the government will sell Deutsche Post pension obligations.

‘Currently, there are no talks with investors,’ he told dpa-AFX news agency in an interview.

Eichel had said in November that the government hopes to raise 5.5 bln eur from the planned sale of some pension fund receivables of former post-office monopoly Deutsche Post’s successor companies.

The pension fund sales involve transfers by Deutsche Post World Net AG and Deutsche Telekom AG, which are the successor companies to Deutsche Post.

Eichel also said possible future transfers of shares in Deutsche Telekom and Deutsche Post World Net to KfW Bankengruppe are not dependent on capital markets developments.

Read More

Polish Post On Verge of Protests?

Posted by | Apr 27, 2005 | |

Nearly 70 members of the trade unions of the Poczta Polska (PP) Polish state-owned postal service staged a 24 hour sit-down protest at PP’s headquarters in Warsaw. They are protesting against plans to restructure the service without the prior signing of a benefits package for employees. The future of PP was discussed yesterday by the unions, PP’s management, Sejm MPs and representatives from the Infrastructure Ministry. “The decision to stay in the building was made by a joint union committee (WRZ),” said WRZ’s spokesman Jerzy Lach. WRZ will also call on PP’s employees to take a leave of absence on 29 April to picket in front of PP offices across the country. Meanwhile, PP’s spokesman said the negotiations concerning the benefits package will be resumed on Wednesday. The unions fear the planned restructuring will result in mass layoffs, and are complaining that the management did not hold a dialogue with the staff.

Read More

Polish Post on verge of protests

Posted by | Apr 27, 2005 | |

Nearly 70 members of the trade unions of the Poczta Polska (PP) Polish state-owned postal service staged a 24 hour sit-down protest at PP’s headquarters in Warsaw. They are protesting against plans to restructure the service without the prior signing of a benefits package for employees. The future of PP was discussed yesterday by the unions, PP’s management, Sejm MPs and representatives from the Infrastructure Ministry. “The decision to stay in the building was made by a joint union committee (WRZ),” said WRZ’s spokesman Jerzy Lach. WRZ will also call on PP’s employees to take a leave of absence on 29 April to picket in front of PP offices across the country. Meanwhile, PP’s spokesman said the negotiations concerning the benefits package will be resumed on Wednesday. The unions fear the planned restructuring will result in mass layoffs, and are complaining that the management did not hold a dialogue with the staff.

Read More

Target Express on road to GBP 250 m float

Posted by | Apr 26, 2005 | |

Directors at Warrington parcel firm Target Express are mulling a possible flotation of the business in a move that could value it up to GBP250m.

It is understood the firm’s venture capital investor 3i, which backed a management buyout in 2000, is now keen to exit the firm.

Target Express has appointed advisers Hawkpoint to look at its future and a possible sale is also believed to be high on the list of options.

Sources close to Target Express, confirmed that 3i, which owns 70 per cent of the business, is looking for an exit.

In a statement, chairman David Hoare said: “We are profitable and very cash generative so there is no need to do anything from a funding standpoint. But we always look at ways to increase our business and we will look at the whole range of options.”

Read More

Austrian Post reduces Supervisory Board

Posted by | Apr 26, 2005 | |

Austrian postal company Oesterreichische Post AG will reduce the number of positions in its supervisory board to 11 members from 12, sources close to the company said on April 26, 2005.

The position in the supervisory board has been vacant since September 2004 when Dieter Seegers-Krueckeberg, 61, resigned.

Seegers-Krueckeberg plans to take over the management position in his own package delivery company, Red Parcel Post AG, at the end of 2006.

The new company was established in Germany in 2005.

In 1997, Seegers-Krueckeberg withdrew from German Deutsche Post after disagreements with the board chairman, Klaus Zumwinkel.

Read More

US Postal Service plans to relaunch personalised stamp program

Posted by | Apr 26, 2005 | |

In a potentially huge victory for Santa Monica-based Stamps.com Inc, the US Postal Service plans to relaunch a personalised stamps program that had to be suspended last summer when images of a number of notorious figures made their way onto official US stamps. The program, run by online postage provider Stamps.com during its popular but brief run, will be put out to bid on Wednesday and can relaunch as early as next month, said Gerry McKiernan, a Postal Service spokesman. “My expectation is that (Stamps.com) is standing at the door right now because all they have to do is turn on the switch,” said McKiernan, who called Stamps.com “a fine, reputable firm.” Only a few vendors have the sophisticated technology to put a customer-supplied photo on a postage stamp, McKiernan said, adding that the program can resume in 20 days.

Read More

UK Royal Mail attacks vote ‘opportunism’

Posted by | Apr 26, 2005 | |

Royal Mail yesterday described its watchdog as ‘scaremongering’ and ‘opportunistic’ after Postwatch complained that the organisation was not reinstating collection tabs on postboxes. The tabs, which show when the next collection will be, were removed in 2002. Royal Mail has pledged to reinstate them, where practical, but Postwatch said yesterday it had not been done in many cases and that it may cause difficulties for postal voters in the upcoming election. A spokesman for Royal Mail said it had only promised to reinstate tabs where it was practical and that some postboxes would need to be replaced entirely before tabs were fitted. He also attacked Postwatch’s timing as “opportunistic”.

Read More

Royal Mail breaks promise to customers on collection tabs

Posted by | Apr 26, 2005 | |

Postwatch, the consumer watchdog for postal services, today criticised Royal
Mail’s failure keep its promise to customers to fully reintroduce collection
tabs to post boxes, and warned that this inaction may cause difficulties for
postal voters. Following a Postwatch campaign, Royal Mail agreed to reintroduce collection tabs in late 2004. Collection tabs are important to customers as they
indicate that the daily final collection from the post box has been made.
Despite Royal Mail’s promise to customers to fully reintroduce the tabs, a
Postwatch survey of 2,600 post boxes conducted in January 2005 found that
only 1 in every 3 post boxes had their collection tabs replaced.

Read More

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

What's the future of the postal USO?

Thank you for voting
You have already voted on this poll!
Please select an option!



View ResultsHide Results

Post & Parcel Magazine


Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.

Subscribe to the Magazine

 

Pin It on Pinterest