Tag: Europe

Deutsche Post's Appel sees service division saving 400-500 mln eur by 2009

Posted by | Dec 18, 2006 | |

Deutsche Post AG’s new service division will bring about savings of around 100 mln eur this year and 400-500 mln eur per year by 2009, management board member Frank Appel told Frankfurter Allgemeine Zeitung.

‘By 2009 this division will cut the company’s costs by 400-500 mln eur annually,’ Appel said.

Meanwhile, ver.di secretary Wolfgang Abel told daily Hamburger Abendblatt that the trade union expects Deutsche Post’s planned consolidation of its parcel and mail operations will result in 800-1,000 job cuts.

He added that the cuts will mostly effect administrative and executive positions.

Deutsche Post did not confirm the trade union’s figures, however a spokesman said that there will be job cuts, the newspaper reported.

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Business Post expects FedEX contract changes

Posted by | Dec 18, 2006 | |

Business Post Group PLC has warned that following the acquisition of ANC Holdings by FedEx Corp, it has has been informed of FedEx’s intention to terminate its contract as ‘Global Service Participant’ in the UK.

Business Post said the nature and timing of the exit of the contract is yet to be agreed, but ‘we expect the contract to be terminated by September 2007.’

The FedEx contract currently represents 6 pct of group revenues, it added.

The company went on to say that it does not expect any impact on profits for this financial year, adding that ‘once the nature and timing of the contract exit has been agreed, we will give guidance on the profit impact for future years.’

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UK postage price changes from April 2007

Posted by | Dec 18, 2006 | |

Royal Mail confirmed today that the price of a First Class stamp for a standard letter weighing up to 100g will rise by 2p to 34p from 2 April 2007, in line with the four-year price control set by postal regulator Postcomm in March 2006.

The price of a First Class stamp for a large letter up to 100g will rise by 4p to 48p.

The price of a Second Class stamp for a standard letter up to 100g will rise by 1p to 24p. The price of a Second Class stamp for a large letter up to 100g will rise by 3p to 40p.

Lorna Clarkson, Royal Mail’s Director of Commercial Policy and Pricing, said: “Now that the UK mail market is open to full competition, it is essential that Royal Mail’s prices more closely reflect the true cost of collecting, sorting and delivering around 80 million items of mail a day to 27 million addresses across the UK.

The price of business mail services will rise at a lesser rate than stamped mail. First Class franked mail and items carrying a printed postage impression (PPI) will attract a 2p discount for items up to 100g. The same discount will also apply to Second Class franked and PPI mail.
Prices will continue to decrease for heavier weight items, which will support the growth of the online retail market. Royal Mail is also offering business customers discounts for machineable mail, and the thresholds for volume discounts have been lowered for some business mail services to enable more customers to benefit.

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Royal Mail hires 3,000 'address detectives'

Posted by | Dec 17, 2006 | |

Its one of the most frantic jobs before Christmas: making sure your greetings cards are sent in plenty of time. But the scribbled addresses on cards in the final post are proving to be a big problem for the Royal Mail.

The service has this year been forced to hire an extra 3,000 workers to decipher bad handwriting on an estimated 400 million poorly labelled packages and envelopes. Bad spelling, illegible handwriting and neglecting to include the postcode have been highlighted as reasons for post not arriving at its intended destination.

The 3,000 extra staff, known as “address detectives”, will be based at Plymouth, Stockport, Stoke and Doxford, in Northumberland, and will join 1,400 permanent staff members who decipher addresses that cannot be read by the Royal Mail’s automated sorting machines.

Letters and parcels with addresses that cannot be sorted by hand by address detectives in sorting offices are scanned into computers and emailed to colleagues, who run internet searches to determine where the mail should be sent.

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Poste Italiane to end 2006 in the Red

Posted by | Dec 15, 2006 | |

Italian state-owned postal services company Poste Italiane expects to book a profit in 2006, ending for a fourth year in a row in the red.
The information was released by Italian national audit office Corte dei Conti. Poste Italaine closed 2005 with a net profit of 248.5 mln euro (USD326.9 mln). The net worth of the company was at 352.7 mln euro (USD463.9 mln) at end-2004.
The net financial debt of Poste Italiane stood at 3.333 bln euro (USD4.384 bln) at the end of 2005 compared to 3.265 bln euro (USD4.295 bln) at the end of 2004. The net financial position/net financial debt is calculated as the difference between a company’s financial debts and liquid assets.
[Editor’s note: Poste Italiane closed the first half of 2006 with a net profit of 379 mln euro (USD498.5 mln), surging by 72.6 pct compared to the 220 mln euro (USD289.4 mln) registered for the respective period of 2005, ANSA said on October 6, 2006. Operating profit of the company went up by 43.6 pct year-on-year to 811 mln euro (USD1.067 bln), while revenue stood at 8.8 bln euro (USD11.6 bln), of which 4.9 bln euro (USD6.445 bln) generated by traditional activities.

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