Tag: France

French postal bank project delayed

Posted by | Jul 19, 2005 | |

The French post office, La Poste, now intends to apply before the end of the month to the French regulator of credit establishments and investment firms, CECEI, for permission to operate a postal bank. Initially, the application was to have been made by the middle of the month. On the other hand, La Poste has speeded up the process by deciding that it is not legally obliged to wait until the relevant decree appears in the French government gazette, ‘Journal Officiel’, before seeking the CECEI’s approval.

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Chronopost denies job cuts

Posted by | Jul 16, 2005 | |

Chronopost, the parcel subsidiary of the French post office, La Poste, has denied that it intends to shed 500 jobs from September as part of its ‘Energie 2007’ plan.

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SNCF sheds parcel arm

Posted by | Jul 4, 2005 | |

SNCF is poised to announce that it is relinquishing control of loss-making parcel delivery arm Sernam through a managment buy-out. The French state rail operator had invited offers for the company, through a European tender issued last autumn. However, of the 20 to 30 firms that made initial enquiries, none confirmed an interest in acquiring the company, which made a loss of EUR40m in 2003.

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Fortec licencees

Posted by | Jun 30, 2005 | |

It’s been a while in coming but Fortec says its pallet service to Europe brings a genuinely new service to the export market as well as to the network’s members.

Fortec, the pallet network owned by French giant Geodis, was launching its new pan-European link to its licensees at a conference on Wednesday this week. Managing director Rod Abrahams, speaking to Motor Transport in advance of the conference, said the Fortexport service will be unique in offering daily departures plus guaranteed delivery times, for example: 48 hours to Germany, Benelux and the northern half of France; 72 hours to the rest of France and parts of Italy.

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