Tag: Europe

Dutch TNT Plans Taking Over German PostCon

Dutch mail and express deliveries group TNT NV plans to take over a majority stake in PostCon AG, a consortium of customers of German postal services group Deutsche Post AG, it was reported on July 28, 2006.

TNT has already registered for the takeover through its German subsidiary TNT Post Holding GmbH, the German Federal Cartel Office told German daily Die Welt.

TNT (www.tnt.com) expects the decision of the Cartel Office, scheduled for August 2006, to be positive, on grounds of the Deutsche Post’s market dominating position, according to the report.

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Union delivers first-class UK Royal Mail pay deal

Union leaders have clinched a “groundbreaking” pay deal for 160,000 postal workers.

The agreement – worth an extra pounds 14 a week – lifts the threat of the first national post strike for a decade. It includes a 2.9 per cent wage rise imposed by Royal Mail in April. But workers will also receive an extra one per cent as a result of cost savings.

Crucially, bosses have extended this arrangement, which rewards staff with 40 per cent of any efficiencies, until April. That could put another pounds 120million – around six per cent – in pay packets.

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Inflation-busting pay deal averts UK Royal Mail strike

The Royal Mail and union leaders hammered out a pay and productivity deal yesterday to avoid the first national postal strike for a decade.

The agreement was struck amid claims by the Communication Workers Union that it delivered “key aspects” of the organisation’s vision for postal workers and management arguments that it involved only “small elements of new money”.

After eight weeks of talks, the deal means the basic pay of workers will rise by 3.9 per cent. The Royal Mail said more than pounds 25m would be paid to postal workers in productivity payments this year on top of an above-inflation wage increase.

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UK Royal Mail loses NIO post deal

Royal Mail was dumped by the Government this week.
The firm lost out on a deal worth around half a million pounds to transport internal mail.

It was awarded to couriers DX Network Services.

Although initially for 12 months, the agreement could be extended for up to three years.

DX chief executive Paul Kehoe said: “We are delighted to have been awarded this contract for the Northern Ireland Civil Service.

“It is particularly pleasing to have won the business in the face of strong competition from other major industry players.”

The firm will transport post all over Northern Ireland to 138 Government office addresses.

A spokeswoman for the Royal Mail said: “The internal mail market has been competitive for a number of years.”

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Tuffnells show strength in year of change

Tuffnells Parcels Express saw a rise in turnover to £‘78lm for the year ended December 32 2005, fromf75.7min 2004. Pre-tax profits fell to £3.9m from 4.1m in 2004.

The directors state: “The present intention is to continue the growth and the development of the existing business of the company and the directors consider the future prospects to be satisfactory”

The number of employees at the company was 1,695 in 2005, up from 1,371 the year before. Of this 1,262 worked in haulage in 2005, compared with 1,025 in 2004.

Staff costs were £25.6m in 2005, up by £1.lm over the year before. The directors recommend payment of a dividend of £2m in 2005, compared with £2.8m in 2004.

Tuffnells’ results look good, considering the tough trading conditions in 2005 and that the company went through change in ownership following a management buy-out led by chief executive Lloyd Dunn, formerly with TNT.

The f33m buy-out was backed by Bank of Scotland.

Finance director Bill Rogers, who formed a two-man executive board with Lloyd Dunn at the time of the buy-out, left two weeks ago in a move that surprised staff

Dunn was away on holiday this week and no details are available.

Financial reports
Motor Transport’s new financial reports highlight the performance of Larger private companies as well as the publicly-traded groups. They show the firms that are strong and doing well and others that are undergoing teas comfortable change.

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