Tag: Deutsche Post

Deutsche Post to restate eight quarters

Posted by | Nov 5, 2007 | |

Deutsche Post AG will restate earnings from eight quarters, Der Spiegel reported, citing Chief Executive Officer Klaus Zumwinkel.

The changes will be published Nov. 8 when the postal operator reports third-quarter earnings, Zumwinkel said, according to the German weekly magazine. The CEO said he aims to create “more transparency,” Der Spiegel reported.

Zumwinkel said Deutsche Post may distribute free newspapers if the business can be profitable, Der Spiegel added.

Bonn-based Deutsche Post is Europe’s biggest mail carrier.

Read More

Springer and TNT in German mail deal talks

Posted by | Nov 2, 2007 | |

Publisher Axel Springer is in talks with Dutch mail and parcel group TNT about merging German mail services companies TNT Post and PIN Group.

The idea is to create a company that can challenge German market leader Deutsche Post once its domestic monopoly on letter deliveries ends at the start of next year.

The companies are talking about which strategic options they could take, and merging the number two and three in Germany is the most likely option.

Germany is due to abolish Deutsche Post’s letters monopoly and open the lucrative market to competitors.

Springer, publisher of Europe’s best-selling daily Bild, bought a majority stake in PIN Group for USD 735.7 million in June, upping its share to 63.7 percent from 23.5 percent.

TNT, the number two in Germany’s letter market, already owns 25.1 percent of German mail delivery firm ecoflash Briefservice.

The Dutch firm is seeking to compensate for shrinking mail volumes at home by growing abroad, particularly in Britain and Germany. It expects to benefit from European Commission plans to liberalise the European mail market by 2011.

The idea is to tap into the letter market business because it offers direct customer contact which is especially interesting in light of the booming mail-order business.

Delivery of subscription newspapers and magazines would also make Springer more independent from other logistic operations.

Deutsche Post and Springer have been at loggerheads since the dominant German mail company cancelled advertising worth around USD 1.2 million in Springer’s magazines and newspapers.

Springer called the move a punishment for media companies entering the postal delivery market.

Deutsche Post, Europe’s largest mail carrier, pulled the ads in reaction to a campaign by Springer to oppose the launch of a minimum wage in the postal sector, which it says would put Deutsche Post’s future rivals at a disadvantage.

Read More

Germany's CDU party against postal services wage deal applying to whole industry

Posted by | Nov 1, 2007 | |

Germany’s CDU, the senior member of the nation’s two-party ruling coalition, has demanded that an accord between Deutsche Post AG and the ver.di union on minimum wages should not be declared binding for the entire postal services industry.

The collective bargaining agreement cannot be extended, as initially agreed by the government coalition, because it does not cover half of the industry’s employees, Die Welt newspaper cited CDU secretary general Ronald Pofalla as saying.

The Labour Ministry, led by Franz Muentefering from CDU’s coalition partner SPD, insists the bargaining agreement meets the conditions for general validity set forth by the government, Die Welt said.

Deutsche Post Chief Executive Klaus Zumwinkel claims Pofalla is overstating the number of postal services workers, thus underestimating the percentage covered by the agreement, Die Welt reported.

The government in August said it is planning to declare the wage agreement binding for the entire industry, drawing fierce criticism from logistics companies such as PIN Group AG and TNT NV, which are trying to make inroads into the German mail delivery market dominated by Deutsche Post.

Read More

Williams Lea enters German market with Corporate Information Solutions proposition

Posted by | Oct 30, 2007 | |

Williams Lea, subsidiary of Deutsche Post World Net and leading global provider of Corporate Information Solutions, is successfully moving ahead with its expansion strategy. This month, the company will start operating in Germany under the brand Williams Lea Deutschland. As part of this expansion, Williams Lea Deutschland will take over Deutsche Post’s document management business with more than 2,800 employees at more than 60 locations in Germany.

The launch has been marked with the announcement of a multi-year exclusive partnership with The Reader’s Digest Association, Inc (RDA), the world’s largest global publisher and direct marketer. The relationship represents a managed cost base of over 700 million euros over the contract duration and will see Williams Lea deliver outsourced print procurement and marketing solutions to RDA’s operations in 19 countries with the global transfer of 100 RDA employees.

Since being acquired by Deutsche Post World Net at the beginning of 2006, Williams Lea has nearly doubled its revenue. For the ongoing fiscal year, the company is projecting its revenue will reach 1.2 billion euros and boasts a client portfolio including Microsoft, Norwich Union, British Telecom and BMW.

Read More

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

What's the future of the postal USO?

Thank you for voting
You have already voted on this poll!
Please select an option!



View ResultsHide Results

Post & Parcel Magazine


Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.

Subscribe to the Magazine

 

Pin It on Pinterest