Tag: Correos

In 2001 Correos, the Spanish post office, launched a plan to automate its processes. The plan, which concludes at the end of next year, involves an investment of €310m, the construction of eleven totally automated sorting offices and the upgrading of another six. Jose Antonio Canadas, head of the postal division of the group, says that in 2006 90% of post processed in Spain will be managed in a completely automated fashion. This compares with 16 per cent only three years ago.

Correos, the Spanish postal service operator, is to invest €750m between 2004 and 2006 and predicts annual turnover increases of 5 per cent for those three years. Management forecasts turnover of €2.2bn for 2006, 19% more than this year’s expected turnover of €1.85bn.

As part of its ‘optimisation’ plan, Correos, the Spanish post office, is to reorganise its property assets in Spain, valued by some experts at between €780m and €1.1bn. To carry out the task, the postal operator has hired the services of the law firm Garrigues and the consultancy Irea, with the first step being the drawing up of an inventory. Correos is thought to occupy some 7,000 buildings in Spain, 1,600 of which it owns and the rest of which are rented.