Tag: Deutsche Post

Deutsche Post, the German postal service operator, is not expecting a speedy agreement with the services sector union Ver.di regarding planned restructuring, as redundancies are possible for the first time in the company’s history with the merger of the German activities of subsidiaries Danzas, DHL and Euro Express. It is estimated that 1,600 out of 10,000 jobs in the three subsidiaries will become obsolete.

Deutsche Post, the German postal service operator, intends to cut around 10,000 jobs in Germany every year, but has no plans to extend working hours or to reduce personnel costs further. Management also revealed yesterday that it had reached an agreement with trade unions, as part of which it had committed itself not to make any staff redundant until March 2008.

The German government has no final date yet for when it will completely privatise Deutsche Telekom AG and Deutsche Post World Net AG, Finance Minister Hans Eichel said in an interview with AFX News partner dpa-AFX.

Eichel said the government’s basic goal is still to dispose of all its shares in the two companies. ‘Disposing of all the shares need not necessarily take place in 2004 or 2005,’ he said. ‘The market conditions will determine the right time.’