Deutsche Post AG, Europe’s largest postal service, plans to invest more than 1.5 billion euros ($1.4 billion) in China within the next three years to become the country’s No. 1 logistics company, Der Spiegel said.
Deutsche Post’s DHL Worldwide Express Inc. unit holds 35 percent of the Chinese market, more than U.S. rivals United Parcel Service Inc. and FedEx Corp
Deutsche Post AG, the German postal service operator, begins pay talks with its 240,000-strong staff today. The services sector union Ver.di is demanding a 6.5 per cent pay rise for a 12-month period.
The union DPV, which represents communication workers with the status of official (Beamte), proposes a pay rise representing half of the increase rate for cash flow, but does not demand a rise of more than 10 per cent.
Read MoreDeutsche Post World Net AG unit DHL and Shell Belgium have agreed for Shell’s Belgian petrol service stations to be used as centralised local pick-up points for mail and packages distributed by DHL, the companies said.
Read MoreDeutsche Post, the German postal service operator, hopes to increase business substantially if German government plans to liberalise the trading of medicines via the internet go ahead. The German company already holds a stake of around 10 per cent in Mediservice, the Swiss mail order pharmacy, which currently counts around 300,000 deliveries annually.
Read MoreDeutsche Post sustained a first-quarter revenue fall of 10-12 percent in its core letter delivery division owing to weaker postage stamp sales, the semi-privatised postal authority’s finance director said in comments released on Wednesday.
“The magnitude of the decline in revenues in this division is 10-12 percent,” Deutsche Post finance chief Edgar Ernst told the investors weekly Focus Money in an article scheduled to hit the newsstands on Thursday, but released in advance.
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