Deutsche Post, the German mail and logistics group, will not bid for a stake of up to 25 per cent in Hellenic Post Office that is being sold by the Greek government. Deutsche Post said the conditions attached to the sale, which also included a 50 per cent stake in Tachymetafores, Hellenic Post Office’s courier business, would have forced it to guarantee delivery of parcels anywhere in Greece
Read MoreCorriere della Sera, a newspaper, reports that, “Italian post office Poste Italiane has announced it is planning to cut its workforce by around 9,000. The state-owned body asked to meet unions to discuss the issue, but received a negative response from the CGIL, CISL and UIL, which are threatening to call strike action
Read MoreConsignia, formerly the Post Office, failed to meet government-set financial targets by £88m ($123m) last year and produced “disappointing” post-tax profits of only £66m.
John Roberts, chief executive, blamed the “self-inflicted damage” of unofficial strikes for much of the poor performance when he announced Consignia’s results for the year to March 2001.
Read MoreAccording to expectation the letter monopoly of Deutsche Post AG was extended until 2007.
Read MoreMr Graham Corbett, chairman of the Postal Services Commission, Britains regulator, recently announced further liberalisation steps on the British letter market for next year but declined to disclose details.
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