THE Post Office yesterday lambasted as “alarmist and speculative” fears that the axing of tens of thousands of jobs in the face of crippling losses could trigger a black hole in its pension fund.
The Post Office, now renamed Consignia, was responding to a weekend report that there could be a pensions shortfall of £600 million, according to a report by accountants Arthur Andersen for Postcomm, the company’s regulator.
Demand for courier services in the U K has increased by 17% over the last five years and will grow a further 11% by 2006, says a new report from MSI.
The impact of electronic transmission has been reduced k the development of new market sectors, with electronics. IT and telecommunications companies ironically leading the way.
TNT Express has become the first express delivery company to provide daily door to door road services to and from Greece.
Read MoreLeaders of 145,000 postal workers will meet tomorrow to decide whether to call a series of strikes as part of a campaign to win a 5% pay rise.
The Communication Workers Union executive meeting follows an overwhelming vote in favour of industrial action.
CONSIGNIA has been forced to scrap controversial plans to end early-morning deliveries following a campaign by The Mail on Sunday to save the Royal Mail.
But Consignia chief executive John Roberts has warned that the price of keeping early-morning deliveries could be thousands more job losses.
Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.
