Tag: Europe

Austrian Post joins consortium taking over

Posted by | May 16, 2007 | |

Austrian Post AG has signed a consortium agreement together with the other partners of the consortium yesterday, namely Cerberus, Generali Versicherung, Bausparkasse Wüstenrot as well as a group of private investors. Henceforth, Austrian Post forms part of the buyer-consortium.

This agreement provides for the acquisition of 100% of BAWAG P.S.K.’s shares by the consortium. In its new position as owner of BAWAG P.S.K., Austrian Post is entitled to delegate one member to BAWAG P.S.K.’s supervisory board. Austrian Post will acquire a share of 5% of this consortium. The consortium partners have agreed to keep the purchase price confidential.

Austrian Post regards this investment as an opportunity for a profitable and value-oriented investment as well as an opportunity for an accelerated joint growth strategy.

In the course of negotiations with BAWAG P.S.K. the existing cooperation agreement for the distribution of financial services through the nationwide network of 1,334 post branch offices was extended for three years until 2015.
In 2006, Austrian Post generated commission income in the amount of approximately EUR 97 million from the distribution of financial service products for BAWAG P.S.K.. Both companies are determined to now strengthen the distribution through Austrian Post’s network.

The responsibilities between Austrian Post and BAWAG P.S.K. regarding the operative management of the distribution through the post branch offices have been re-adjusted. BAWAG P.S.K. will provide technical know-how; Austrian Post will be responsible for the employees. The ideal mix of products to be distributed through the post-network will be from now on determined jointly.

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Wincor Nixdorf supplies IT systems for counter service at Greek post offices

Posted by | May 16, 2007 | |

Together with its Greek partner Unisystems, Wincor Nixdorf has won a contract to deliver IT equipment for the counter positions in 416 branches of the Greek postal system (ELTA). All 1280 systems – consisting of Beetle iSprint PC and extensive peripherals, including monitors, printers and keyboards – are scheduled to be installed by the end of 2007.

Wincor Nixdorf was the only bidder able to realize the extensive list of demands made by the Greek postal system. “The customer’s wishes as regards the systems’ energy consumption was a particular challenge that we met in addition to other technical requirements and quality standards,“ said Mrs Vicky Bassela, head of Wincor Nixdorf Greece. As early as 2003, Wincor Nixdorf provided front-end systems for 33 branches of the Greek post office.

With this order, Wincor Nixdorf continues its strategy of extending its core competence in bank and retail company branch operations into related sectors in order to tap their business potential.

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Deutsche Post plans to cut 800-1000 jobs at mail operations

Posted by | May 15, 2007 | |

Deutsche Post AG is planning to cut 800-1000 jobs at its mail operations after merging its parcel business with the mail division, according to Handelsblatt, citing a company spokesman.

The job cuts will affect those in the personnel division, controlling and IT, the source added.

He said there will be no mandatory job cuts but that the reductions would be achieved by offering other positions elsewhere within the group.

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DHL in online shipping deal with Germany's 1&1

Posted by | May 15, 2007 | |

DHL Express Germany has signed a cooperation deal with internet service company 1&1 Internet AG for online trading. Operators of 1&1-hosted “e-shops” can now use DHL for their shipping requirements.

With this new service, 1&1 is expanding its all-inclusive offer for small businesses and the self-employed. The entire e-shop, including order management and goods transportation, can now be handled through one single platform, DHL Express said in a statement.

“The cooperation with DHL enables us to offer a complete solution for the whole process chain”, said Andreas Gauger, CEO of 1&1 Internet AG.

E-shop operators can print out DHL parcel labels, track shipments online and offer customers the option of using a DHL Packstation as an alternative delivery address.

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