Tag: Europe

Greek Postal Savings Bank intends to sell 19 pct stake in Bank of Attica

Posted by | Jul 18, 2007 | |

Greek Postal Savings Bank (GPSB) announced yesterday to the Athens Stock Exchange that its participation in the Bank of Attica is not strategically important, and it intends to sell its 19 pct stake in the bank.

GPSB added that while it intends to sell its stake in the bank, the time frame and process for this move has not yet been determined, and said that the move is dependent on a variety of factors and is subject to market conditions.

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La Poste Bank launches SwifNet

Posted by | Jul 17, 2007 | |

La Poste Bank has launched a new service for the exchange of information with its corporate clients through a service called SwiftNet. This service has been available since June.

SwiftNet Companies will facilitate the following services:
Services client-bank: transmission of bank orders, money transfers
Services bank- client: transmission of bank account, reports, etc.

Swift is the standard system for international bank-to-bank payments. Bank customers instruct their bank to make a Swift payment, and the bank makes it on their behalf, direct to the receiver’s bank account, via a purpose built secure bank network which spans the globe.

The SwifNet service is a priority for companies which have international operations but it also has a potential market for individual users.

From 2008, Swifnet will allow to exchange the SCT (SEPA credit transfer). The SEPA Credit Transfer Scheme will enable payment services providers to offer a core credit transfer service whether for single, bulk and/or repetitive payments. As of 1st January 2008, it is intended that the SEPA Credit Transfer Scheme will replace Credeuro.

La Poste Bank, a subsidiary of La Poste Group was created the 1st January 2006. Last year, it reported:
– 29 million of clients
– EUR 4.613 billion contribution to the GDP
– EUR 372.4 million of net results
– 570,000 corporate clients
– 17,043 contact points

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UK post strike action to be escalated

Posted by | Jul 17, 2007 | |

Strikes by postal workers in a bitter row over pay and jobs are to be escalated, it has been announced.

The Communication Workers Union (CWU) will this Wednesday unveil a fresh programme of industrial action following two nationwide walk-outs in recent weeks.

The union’s executive met on Tuesday and said it had decided to escalate the level of strike action following the lack of progress during recent talks with the Royal Mail.

A spokesman for the Royal Mail said: “We are disappointed that the CWU has again failed to understand the realities of the tough commercial market in which Royal Mail now operates and the damage that further strike action will do to the business, its people and customers.

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More Royal mail strikes in Bristol

Posted by | Jul 16, 2007 | |

Postal workers at Royal Mail’s Oxford Mail centre were on unofficial strike last Monday 16th June over the suspension of a union rep.

The rep was accused of organising a flying picket to visit another mail office (Watlington) during Friday’s official strike. 100pct of staff were on strike for the late shift this evening.

Some workers believed the suspension had been planned in advance by management to provoke a walk out in order to attempt a change of contracts.

Other offices are on alert in case mail was diverted, which since many postal workers are frustrated by the current one-day official strikes could provoke action in other offices should it occur.

The Headington and Cowley offices in Oxford both struck unofficially in 2003

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Oxford mail centre wildcat strike

Posted by | Jul 16, 2007 | |

Postal workers at Royal Mail’s Oxford Mail centre were on unofficial strike last Monday 16th June over the suspension of a union rep.

The rep was accused of organising a flying picket to visit another mail office (Watlington) during Friday’s official strike. 100pct of staff were on strike for the late shift this evening.

Some workers believed the suspension had been planned in advance by management to provoke a walk out in order to attempt a change of contracts.

Other offices are on alert in case mail was diverted, which since many postal workers are frustrated by the current one-day official strikes could provoke action in other offices should it occur.

The Headington and Cowley offices in Oxford both struck unofficially in 2003

Read More

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