Tag: Correos

Spanish Correos registers substantial increase in pre-tax profits

Correos, the Spanish postal service operator, managed to increase pre-tax profits by 125 per cent to 186m euros last year although the company received fewer state subsidies than in 2002. The group received only 0.97m euros instead of 5.6m euros in subsidies for the coverage of postal services across the whole country.

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Spain – International Mail Market

We should be aware that the international mail market is still in the reserved area. It has special EU approval because so much of their domestic market is already deregulated, i.e. currently Correos Espana has a monopoly below 100 gms and in 2006 it will be below 50 gms.

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Spanish Correos agrees terms with unions

Correos, the Spanish post office, has concluded an agreement with the main unions to make 4,000 employees on fixed term contracts permanent. The company says this culminates the process started in April 2003 to make 6,000 temporary workers permanent.

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