Tag: Domestic

Changes to Swiss Post Executive Management

At its meeting on 29 October 2007, the Board of Directors of Swiss Post appointed Markus Zenhäusern as Head of Finance and as a member of Executive Management effective 1 June 2008. He replaces Hans-Peter Strodel, who will retire on that date.

In appointing Markus Zenhäusern, 45, the Board of Directors has selected a distinguished financial specialist with a broad range of experience in controlling, international finance and accounting, as well as in transfer price systems and the integration of companies in the context of mergers and acquisitions. After graduating from the University of St. Gallen with a degree in business administration, Markus Zenhäusern took a PhD at the University of Fribourg.

Hans-Peter Strodel left the private sector in 1995 to join what was then Switzerland’s PTT administration as Director of Finance and Controlling and was appointed Swiss Post’s Head of Finance in 1996. In this capacity he served as a member of the Executive Management from 1 January 1998 onward. As Head of Finance, he was responsible for the establishment of modern accounting and management information systems as well as insurance and risk management as the basis for the new Group financial management. The strategic reorientation of Swiss Post’s real estate operations formed a further focal point of his work.

During this period, Swiss Post Group saw its sales grow from CHF 5.6 billion to nearly CHF 9 billion, while Group profit increased from CHF 239 to more than CHF 800 million and Swiss Post’s scope of consolidation expanded from just over a dozen to nearly 100 companies in 19 countries.

Read More

Royal Mail hit by pension costs

The group posted earnings of GBP 233m, but said that but for a £75m government loan, this figure would have fallen to GBP 158m – half the GBP 355m made last year.

Pressures from rising pension costs, falling mail volumes and increased competition were blamed.

The figures do not cover the period over the summer when Royal Mail was hit by a series of strikes.

Declining volumes of post, competition in the mail market and the rising use of electronic communication, such as e-mail, continued to eat into Royal Mail’s letters business, with revenues down GBP 78m during the first five trading months of 2007-08 on the previous year.

The revenue fall came despite a rise in postage prices in April.

We anticipate that the company’s current level of contributions to the pension plan will reduce to 22 pct in five years’ time from the existing level of 30 pct.

Royal Mail

These factors, in addition to the “huge investment” that the group is about to make to update its business practices, mean that Royal Mail will make no profit this year or in its 2008-09 period.

And it said that without the contribution from its unregulated European parcel delivery service, General Logistics Systems, one of the few areas of growth for the Royal Mail last year, the group would become loss-making.

There was no indication of the cost to its business from the strikes organised by the main postal union, the Communication Workers Union, between June and October.

Industry observers estimated that about GBP 260m was knocked off profits during this period as a bitter dispute over the firm’s modernisation plans, including unpopular reforms to its pension scheme and radical changes to working practices, led to a series of walkouts.

Read More

Royal Mail Chief pockets GBP 1.1m as profits dive

Royal Mail’s Chief Executive, Adam Crozier, has been awarded GBP 1.12 million in pay and bonuses as the strike-ridden UK postal service reported a 34.3 per cent fall in profits as a result of increasing pension costs.

The group also revealed today it only expects to break even in the current financial year because of funding its company pension plan, increased investment and falling postal volumes.

Mr Crozier, who was criticised during the recent postal crisis for allegedly failing to attend talks with unions, was paid a basic GBP 633,000 as well as a GBP 469,000 performance-related bonus, some of which has been deferred into a long-term incentive scheme. With GBP 18,000 in benefits, Mr Crozier was rewarded a total £1.12 million.

Allan Leighton, Non-Executive Chairman at Royal Mail, who recruited Mr Crozier in 2003, was paid a performance-related bonus of GBP 200,000 on top of GBP 20,000 in basic pay.

The group admitted that the same competition and volume factors had impacted current trading, with profits down by GBP 78 million in the first five months of the financial year.

Royal Mail said today: “Key issues for the company as we move forward are the continuing high cost of funding the pension scheme, the continuing decline in volumes as customers move to other forms of communication and the beginning of the huge investment we will now make in the modernisation of the company.

Read More

Postal services to start Hybrid mail next month

The Postal Services Department will be introducing a new service, Hybrid Mail, in November, Postmaster General Hj Abd Kadir Tengah disclosed recently.

Hybrid mail allows customers to send in their letters via e-mail to the department, which will then sort it out electronically, prints it and delivers it in physical form to the intended recipient.

The introduction of the service is to ensure the rapid process and delivery of letters to customers.

During the gathering, the postmaster general also mentioned the department’s progress since last year, in particular the 92 per cent rise in delivery services for the month of September 2007 alone.

The performance of their counter services, considered as the frontline of the postal department, is at their best, said the postmaster general, who added that the department is currently offering the best services to the public especially with the addition of modernised equipment such as automated counter services.

In addition to the upgrading of its equipment, the department is also constantly encouraging its human resource and service staff to improve them selves, so that the quality of service will also be upgraded.

Department employees are given the opportunity to join training programs whether in the country or overseas, to keep them up-to-date with the current postal processes and services available in the world.

Hj Abd Kadir pointed out two factors that are of importance to the progress and development of the department: courier services and ICT.

The postmaster general also highlighted the challenges that the department faces, in particular maintaining its overall sustainability.

The department is determined to maintain its focus on its overall services, especially its quality and functions, so that everything it does is relevant and appropriate towards its aim of becoming a communication hub and connecting the community.

Read More

Swiss Post: Ultra-modern technology on a conventional stamp

Swiss Post is issuing the world’s first stamp with an integrated BeeTagg, combining a conventional stamp with ultra-modern technology. Swiss Post’s partner in this first tagging venture is Schweiz Tourismus, which is using the stamp and integrated BeeTagg as part of its winter advertising campaign. The mobile tagging solutions have been developed by Swiss Post subsidiary yellowworld AG.

Some time ago, a new application was developed for the mobile phone, increasing its versatility even further. The new technology is called mobile tagging and is available regardless of which service provider the user has chosen. It enables the user to establish a connection to a predefined and mobile-friendly web page via their mobile phone. The BeeTagg is a two-dimensional code that looks like a honeycomb and functions in a similar way to a bar code. The user simply installs the free BeeTagg reader, then scans the tag incorporated into the Swiss Post stamp with the camera on their mobile phone. The reader recognizes the tag and connects the phone to a predefined web page.

Similar codes have long been used in Japan, but what distinguishes the BeeTagg from these is the fact that it was developed and optimized specifically for mobile tagging. The BeeTagg does not look like a conventional technical barcode. It can incorporate logos, pictures and text. As even tiny BeeTaggs can still be read, they are particularly suitable for products with densely packed information, for example stamps, newspapers or packaging.

Mobile tagging has enormous potential and opens up new methods of marketing and communication. By incorporating BeeTaggs into adverts or billboards, companies can enter into contact with potential customers and direct them to their websites.

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!



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.

 

Pin It on Pinterest