Tag: Europe

Deutsche Post to hand over running of 200 branches to partner agencies in 2007

Posted by | Nov 16, 2006 | |

Deutsche Post AG is to hand over the running of 200 branches in Germany in 2007 to partner agencies, a company spokesman said.

The partner organisations have not yet been identified, he added.

‘We hope that these cost-effective measures will lead to higher revenues’, he said.

The moves, however, are not expected to have a major impact on the company’s balance sheet, said the spokesman.

He added that the company is not yet in a position to adjust its outlook for 2007.

Deutsche Post employees will not lose their jobs as part of the plans: They will either be transferred to partner branches or to other company departments, said the spokesman.

Areas that will be most heavily hit by Deutsche Post’s plans include Hamburg, Dortmund and Wuppertal, the spokesman said.

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Post Danmark recorded a net profit of DKK 730 million in the first

Posted by | Nov 16, 2006 | |

Post Danmark recorded a net profit of DKK 730 million in the first nine months of
2006, up DKK 177 million on the same period the year before, where results, however, were affected by non-recurring costs of DKK 90 million in relation to employee shares.

Adjusted for this, the net improvement was DKK 87 million.
Total income for the first nine months of the year amounted to DKK 8,634 million, up DKK 223 million or 2.7 per cent on the same period last year.

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Apax sells TSO to Deutsche Post

Posted by | Nov 16, 2006 | |

U.K. buyout shop Apax Partners Worldwide LLP said Wednesday, Nov. 15, it sold its 71% stake in U.K. publisher the Stationery Office to German postal services and logistics group Deutsche Post AG for an undisclosed price.
Deutsche Post is buying TSO through its majority-owned Williams Lea Group Ltd., a corporate information management consultancy, which will use TSO as a launch-pad for its move into public sector business process outsourcing, or BPO.
The private equity firm declined to comment on its return on investment in Britain’s document service.
“The acquisition of TSO gives us a pre-eminent position in public sector BPO,” said Williams Lea CEO Tom Griffiths, in a statement.
The Bonn-based parent company, anticipating the loss of its monopoly next year, hopes the purchase will further reduce its dependence on its domestic mail market.

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Irish Postmasters reject Fortis

Posted by | Nov 16, 2006 | |

An Post’s new banking joint venture with Fortis is facing uncertainty following a decision by the postmasters’ union not to work on the new project.

The Irish Postmasters’ Union said it took the decision because agreement could not be found on improved payments for transacting existing An Post business.

In addition, the union said the company’s failure to make any long-term commitment about volumes of social welfare and other State business and the payments to IPU members for operating these functions had also contributed to the impasse.

It said it would not undertake any new work for An Post, including the implementation and operation of the new Fortis banking project, until the issue had been resolved.

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DHL consolidates its presence in the Basque Country with the purchase of Transportes Eganaberri

Posted by | Nov 16, 2006 | |

DHL Iberia, the world leading transport and logistics company , has recently acquired the Egañaberri transport company.

This operation was completed at the end of October and means the Bergara depot’s integration into the DHL group, as the Egañaberri transport company operated in that town under the DHL Express trademark as DHL’s representative in West Gipuzkoa, serving the whole of the Deba Valley.
In this way, the two DHL Express centres covering the province of Guipuzcoa (San Sebastian and Bergara) now belong to the DHL Group.

With this operation, DHL has consolidated and strengthened its presence in the Basque Country, where it recently opened new premises at Bilbao airport and the air hub for Spain, Portugal, South-West France and Noth Africa, in Vitoria.

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