Tag: Europe

Connell faces an uphill battle in An Post role

Posted by | Jun 23, 2006 | |

With testy union-management relations, declining mail volumes and customer disenchantment, the new man will have a very full in-tray. After almost five months, one of the most high profile, if hugely challenging, roles in the State-owned sector has been filled.

Carrying an annual remuneration package of EUR351,000, the chief executive’s job at An Post goes to a man with relatively limited experience of the State sector. Donal Connell (53), replaces a veteran of the semi-state sector, Donal Curtin, who spent most of his career with the Electricity Supply Board (ESB). The lack of semi-state baggage carried by the new man probably has both advantages and disadvantages.

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UK DHL Express managers' unrest

Posted by | Jun 22, 2006 | |

Managers at DHL Express have claimed that the company is losing up to (pounds sterling) 2m a month.

Sources blame rising costs and customer restlessness and say several large, long-standing accounts have been lost.

There has been little evidence of the proposed integration between the domestic and DHL International operations going ahead, they say.

The comments are made this week in response to Motor Transport’s story last week about a pay and bonus freeze for managers.

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An Post board finally names new chief today

Posted by | Jun 22, 2006 | |

A new chief executive of An Post is expected to be named today by the board of the company following a long search for Donal Curtin’s successor.

A selection committee, made up of board members, has made a unanimous recommendation which will be brought to the board today by chairwoman Margaret McGinley. The Department of Communications is also expected to be informed of the appointment.

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Post Office to install 1,500 free ATMs in branches

Posted by | Jun 22, 2006 | |

The Post Office today announced plans to install an extra 500 free-to-use automated teller machines (ATMs) in its branches – on top of the 1,000 it had already committed to roll out within the next five years.

Alan Cook, Managing Director of Post Office Ltd, said the expansion in free-to-use ATMs underlined the Post Office’s vision to be a universal provider of free cash access for its customers.

The Post Office, under an agreement with its financial services partner, Bank of Ireland, announced last summer that 1,000 free-to-use ATMs would be installed in the network. The Post Office also confirmed its intention to withdraw from its involvement with third party fee-charging ATM suppliers.

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UK Royal Mail acts to honour pensions Trustees agree deal to pump pounds 750m a year for 17 years into deficit.

Posted by | Jun 21, 2006 | |

Royal Mail has struck a deal to clear its pounds 5.6bn pension deficit in what is the largest settlement so far over retirement black holes.

Under terms agreed with pension fund trustees, Royal Mail will pay up to pounds 750m annually for 17 years into the 450,000-member scheme.

The move comes as Royal Mail’s management is battling a host of problems, from pounds 2m-a-week losses at its rural Post Office network to increased competition in letter delivery from private companies.

To close its huge pension fund gap, the publicly owned group will have to dramatically lift annual contributions.

They will go up from pounds 480m last year to about pounds 750m this year and in future years.

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