Deutsche Post, the German postal services group, is to offer the operators of around 7,500 sub post-offices new contracts with which it aims to make savings. By introducing the new contracts it is aiming to cut costs.
The post offices involved are smaller sales points, for example in supermarkets, travel agents or lottery sales points, and account for 7,500 of the around 13,000 total number of offices operated by the group.
Read MoreDeutsche Post, Germany’s postal service operator, has revealed that it will bid for Austria’s postal service operator if the latter is privatised.
Chairman Klaus Zumwinkel has announced that he does not intend to close any of Deutsche Post’s current 5,000 post offices across Germany. He has not ruled out, however, that the group will close down some of its outlets at supermarkets and other retail businesses.
Read MoreCarriage charges for Deutsche Post, the German postal service operator, are set to fall in the new year, after its regulator, RegTP, ordered a 7.2 per cent cut for 2003. The move comes hot on the heels of an announcement that DP must repay 850m euros to the country’s government.
Deutsche Post reckons that the carriage price reduction could cost it up to 300m euros per year, between now and the end of its monopoly in 2007.
Read MoreDeutsche Post World Net AG is filing a complaint against the government over the latter’s demand that the company repay about 850 mln eur in state aid ruled unlawful by the European Commission, CEO Klaus Zumwinkel said in an interview with Der Spiegel. According to extracts from the interview, due to be published this weekend, Zumwinkel said the legal action, brought before the administrative court, is designed to ‘finally clarify’ by January the amount the company will be required to pay back.
Read MoreDeutsche Post chairman Klaus Zumwinkel hopes the German government will sell its remaining shares in the partially privatised postal authority by 2007, the deadline for liberalisation of postal services in Europe, he said in a magazine interview released Friday.
“I hope the state won’t wait too long to cut its stake to zero, even if it still currently holds 68 percent,” Zumwinkel told the weekly magazine Der Spiegel. “Governments always make bad corporate bosses.”
Deutsche Post is scheduled to lose its monopoly in letter delivery in 2007.
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