Tag: Europe

Austria starts postal service privatisation

Europe’s third postal service privatisation sets off today with the 49 per cent sale of Austria’s Osterreichische Post. The deal, worth about Euros 650m (Dollars 833m), is the last significant privatisation by Austria’s centre-right government before general elections in the autumn and follows a string of significant asset sales. The OIAG state holding company yesterday said the deal would be priced at Euros 17-Euros 19 a share. The final level, subject to bookbuilding, will probably be set on May 30, with trading starting the following day. The Austrian Post follows Deutsche Post and TNT of the Netherlands in floating its shares. It will be the world’s fourth quoted postal group, including Singapore.

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Business Post to review suppliers: failed pallet firm born again using 'phoenix' manoeuvre

Business Post Group, one of the UK’s biggest express delivery companies, last night committed to reviewing its “suppliers” in Scotland after an investigation by The Herald revealed that its main Scottish distributor is the product of a “classic phoenix” situation. Weaver Pallet Express, based in Stepps, near Glasgow, was last week forced into liquidation owing creditors more than GBP1m. It was a supplier to Business Post’s UK Pallets division. However, The Herald discovered that Weaver, run by Bruce Jenkins, re-emerged under a different name, United Pallets Scotland, and is operating from a different address at Queenslie Industrial Estate.

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Swiss Post open to international alliances

Swiss Post will seek more operational alliances in future but there is little prospect of any all-encompassing strategic alliance or even part-privatisation, according to a senior executive. The comments follow a move by Swiss authorities towards restructuring the Swiss national postal operator into a public limited company with employees on contracts rather than staff with civil servant status.

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UK Royal Mail performance best on record

Royal Mail’s service quality last year was the best on record, and was ahead of its targets for the vast majority of the mail, according to preliminary figures published today. 94.1% of First Class letters were delivered the working day after posting, compared to a target for the service of 93%. 98.8% of Second Class letters arrived within three days, compared to a target of 98.5%. Chief Executive Adam Crozier said, “These are fantastic results – they are the best ever, they are ahead of targets, and they show a sustained period of record performance stretching back to the summer of 2004. These levels of performance show that Royal Mail is determined to compete for business by offering customers the very best service at a value for money price. Rivals will find our standards difficult to match. Royal Mail’s postmen and women have done a first class job.”

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Strike threat in Royal Mail pay row

Postal workers will be balloted for nationwide strikes unless a row over pay is resolved by next month, union leaders warned today. The Communication Workers Union gave Royal Mail a deadline for making progress on a dispute which has flared after the company decided to impose a 2.9% wage rise on postal workers.
In a letter to CWU members today, the union said it was “totally opposed” to the Royal Mail’s behaviour. Industrial relations have suffered in recent weeks after the union accused Royal Mail of trying to disrupt a ballot it was holding on future strategies covering pay, working conditions and pensions. The leadership has tabled a motion to next week’s annual conference of the CWU in Bournemouth urging the Royal Mail to reopen negotiations and to allow postal workers to have a vote on a final settlement.

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