Tag: Europe

UK Isle of Wight may abandon Royal Mail

Sub-Postmasters in the Isle of Wight are considering running their own mail service, with their own stamps and franking, to try to stave off the closure of their rural post offices. They believe that 35 of the island’s 52 post offices are under threat and claim that their future may depend on declaring independence from the Royal Mail for local collections and deliveries. Rodney Archer, the secretary of the island branch of the National Federation of Sub-Postmasters, said members had voted unanimously to form their own independent business association to investigate a range of proposals to win new custom, including setting up their own collection, sorting and delivery service.

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Post of Slovenia preparing for market liberalisation

Slovenia’s state-run postal service is still preparing its privatisation strategy, which is to be decided on by the government after it is confirmed by the company’s supervisors, the chairman of the Post of Slovenia Ales Hauc said in an interview for STA. According to Hauc, the Post is well prepared for the liberalisation of postal services market, which is to take place by 2009.

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La Poste delivers strong profit growth

The French post office, La Poste, is set to announce a 49 per cent rise in its net profits for 2005, to 557m euros, having been expecting just over 400m euros. An operating margin of 3.6 per cent is forecast (up from 2.8 per cent in 2004), broadly in line with the 3.5 per cent predicted in December. Chairman Paul Bailly should tell his board on Monday that turnover was up by 3.6 per cent to 19.35bn euros, with operating profits increasing by 35 per cent to more than 700m euros.

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TNT's Bakker sees co gaining 15 pct market share in German mail business

TNT NV chief executive Peter Bakker said he expects his company to gain 15 pct market share in Germany within four to five years of 2008, when the country’s mail business is being liberalized, according to an interview in Welt am Sonntag newspaper. ‘If the market is really opened up in 2008, I believe that we will have 15 pct four or five years later,’ he said. He said TNT believes that Deutsche Post World Net AG will have to give up up to 40 pct of its local mail business to competitors once Germany’s mail industry is liberalized.

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Unions to spoil UK Royal Mail's pounds 600m celebration after rejecting pay deal

The Royal Mail is set to unveil a surge in profits to pounds 600m later this month, but is in danger of being overtaken by a row over pay after unions turned down its latest offer. The Communication Workers Union has rejected a proposed 2.9 per cent pay increase and is seeking further talks with chief executive Adam Crozier. The CWU’s deputy general secretary, Dave Ward, said wages needed to be brought into line with the national average, which 2.9 per cent would not do. “We know it’s not going to happen overnight, but as a starting point it’s not enough.” But the state-owned group says it will not up “its very good offer”. A Royal Mail spokesman said: “It’s clearly above inflation and it comes against a backdrop of increasing competitive pressure on the business. In that context it’s a very good offer and a final offer. This is what we can afford.”

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