Tag: Europe

Union attacks Royal Mail chief’s comments as ‘frankly insulting’

Posted by | Oct 7, 2005 | |

A third of Royal Mail managers are “not up to the mark”, the chief executive of the state-run business told a meeting of Britain’s business leaders. Adam Crozier’s comments at the Business Insider Elite Leadership Awards, where he was guest speaker, were described by the Amicus union as “frankly insulting”.
Responding after his speech to a question about future challenges for the company, Mr Crozier said the Royal Mail had 15,000 managers, of which “5,000 are fantastic, 5,000 are good and 5,000 are not up to the mark”. He also said it was important for senior management to “take ownership of bad news”. The company has shed more than 30,000 jobs across the board over the past three years and a Royal Mail spokesman last night admitted he “could not rule out” further job cuts.However, he insisted: “That is not our agenda for these managers.”

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TNT Romania sees 40percent rise in 2005 turnover

Posted by | Oct 7, 2005 | |

Express delivery services company TNT Romania, a subsidiary of the Dutch TNT Express, said on Friday it expects a 40% rise in turnover this year, to 23 million euro (USD27.9 million), due to higher number of clients and bigger transported volume. The company gave no profit or loss projections for the current year. “The results we registered in the first six months confirmed the forecast of a 40% rise we made as early as the beginning of this year,” a TNT Romania marketing expert, Monica Anita, said in a statement. The company’s turnover rose 33% last year.

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COI signs exclusive deal for UK door-drops

Posted by | Oct 7, 2005 | |

The Central Office for Information (COI) has chosen a single agency for the first time to handle the Government’s #2m door-drop account, potentially handling campaigns to all 26 million households in the UK. The Leaflet Company has been selected to manage all future door-drops, following a four-way pitch against Tri-Direct, Circular Distributors and National Letterbox Marketing.
The COI carries out around 20 door-drop campaigns a year.

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French La Poste net profit at 550 Mln Euro H1 2005

Posted by | Oct 6, 2005 | |

French national post office La Poste registered a 550 mln euro (USD663.14 mln) net profit for the first half of 2005, up 43 pct year-on-year, it was reported on October 6, 2005. The operating profit rose to 841 mln euro (USD1.013 bln) from 595 mln euro (USD717.39 mln). The turnover went up by 3.9 pct to 9.817 bln euro (USD11.836 bln) from 9.449 bln euro (USD11.393 bln). Calculated at constant exchange rates and on a like-for-like basis the turnover increased by 3.4 pct year-on-year, the group noted. La Poste’s financial services registered a 1.1 pct year-on-year increase of their net banking income to 2.15 bln euro (USD2.59 bln).

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Deutsche Postbank to take over 850 Deutsche Post branches

Posted by | Oct 6, 2005 | |

Deutsche Post AG said it plans to transfer about 850 branches to its Deutsche Postbank AG unit in order to increase the bank’s revenue stream. Deutsche Postbank’s chief executive Wulf von Schimmelmann told journalists the move would lead to a ‘tremendous growth spurt.”I am certain that the positive benefits of this decision will be seen in our figures,’ von Schimmelmann added.
He did not provide any specific earnings or sales projections for Postbank following the transfer. A Deutsche Post spokesman said the branches will continue to operate as post offices despite the management change. Deutsche Post also said the move does not affect its majority stake in Postbank. The German postal company said it has begun talks with the ver.di union on the transfer.

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