Tag: Europe

Spain's stock market reglatory body is taken to court

New regulations mean that Correos, the Spanish post office, will be penalised in the future if deliveries are late. The new rules demand that 93% of letters need to be delivered within three days of posting. In fact the plan will see a reduction in the grants paid by the Development Ministry to Correos, if the targets are not met.

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CJ International company has achieved Supplier of the Year distinction, an honour accorded by General Motors

CJ International company, which renders highest quality international transport services for, among others, automotive branch, was awarded with ”Supplier of the Year 2006” title by General Motors in best road haulier for high quality of rendered services. The 15th annual award was given during ceremonies held on March 31 in Orlando, Florida (USA).

“This award is important for us due to a number of reasons. One of them is the fact that the quality of services of a Polish company stands out among thousands of worldwide suppliers who work for GM. It is evidence for CJ International’s development at international level and for the fact that Polish or European companies can not only compete against, but even be better than huge international corporations” said Ewald Raben, Raben Group’s CEO.

The Supplier of the Year award began as a global program in 1992. A global team of executives from purchasing, engineering, manufacturing and logistics each year reviews supplier performance in the areas of quality, service, technology to determine the winners.

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Postbank not in merger talks, parent Deutsche Post not selling shares

Deutsche Postbank AG is not in merger talks with Deutsche Bank AG, Postbank chief executive Wulf von Schimmelmann told weekly Wirtschaftswoche when asked about ongoing takeover speculation.

There are no signals whatsoever that majority shareholder Deutsche Post AG is planning to reduce its stake in Postbank, he said.

‘I am certain that Postbank can increase its value more effectively if it remains independent,’ said von Schimmelmann, who is to be succeeded as CEO by current management board member Wolfgang Klein in July.

Deutsche Post currently holds 50 pct plus one share in Postbank.

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Mayor of London slams Post Office 'privatisation' plans

The Mayor of London has slammed the announcement by the Post Office that it will privatise 70 Crown Post Offices across the country, including 15 in London.

Ken Livingstone claims the move could lead to the loss of around 3,000 jobs nationally and a loss of around 700 jobs in London.

The announcement comes only weeks before the Government is expected to announce the results of its consultation on the future of the Post Office Network next month. The Government’s consultation paper proposed closing up to 2,500 Post Offices.

Ken Livingstone, said: “This proposal for the privatisation of Post Offices across London is terrible news for the hundreds of thousands of Londoners who rely on their local Post Offices.

“Recent research has shown that privatised Post Offices have poorer information on services, worse facilities for disabled customers and lower levels of customer service.

“WH Smith’s cut price approach to pay and employment practices will mean that Post Office customers will lose out as services deteriorate.

“The Post Office should be investing in better services for customers not reducing local services.

“With the number of Post Offices in London having fallen by over a quarter in the last three years, the last thing we need is further cuts and closures.

“That’s why I am supporting the ‘Future for our Post Office campaign’ to put the unquestionable case to Government to invest in the Post Office network and not make further closures.”

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