French post office, La Poste, has unveiled plans to invest €3.4bn over the next six years in a programme to restructure its mail-processing activities. The scheme includes the investment of hundreds of millions of euros in automating the procedure. To that end, La Poste has already ordered a total of 100 new sorting machines which can process more than 40,000 letters per hour, compared with 35,000-38,000 letters with existing equipment.
Read MoreA series of new appointments are planned at La Poste, the French national postal services group. They include Marc-Andre Feffer, the former vice-chairman of Canal+ (Vivendi Universal), who will reportedly replace Nicolas Routier in January as managing director in charge of strategy. Mr Routier is expected to become chairman of the group’s subsidiary Mediapost, replacing Philippe Grangeon, who is leaving.
Read MoreThe postal and telecommunications division of French union CGT has called on postal workers to take part in a national day of strike action in the second half of January. The union is protesting against what it calls “political refocusing” by the management of La Poste.
Read MoreState-owned La Poste said it forecasts a breakeven net profit on ordinary operations before taxes for 2004. La Poste said it forecasts sales growth of 2.4 pct in 2004. For 2002, the company saw sales growth of 1.8 pct at 17.3 bln eur. La Poste said last month it plans to invest 3.4 bln eur between 2004-2010 to modernise its postal business.
Read MoreThe expres parcels service TAT Express (see photo), which belongs to the french stata mail service La Poste recently announced a comprehensive restructuring programme. Under the first phase, 380 jobs will be cut and depots closed. TAT Express is to close 14 of its present 47 branches across France. The affected branches are those in Agen, Angers, Arras, Beauvais, Chilly- Mazarin, Limoges, Metz, Mulhouse, Pau, Saint-Etienne, Saintes Toulon, Valence and Roissy.
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