The French post office (La Poste) has renewed its partnership agreement with the US international parcel courier Federal Express (FedEx) for the next 10 years. The first La Poste-Fedex agreement was concluded early in 2001.
Read MoreUnder a new agreement with La Poste of France, SES Global subsidiaries SES Astra and SatLynx will offer satellite capacity and 2-way satellite broadband services for the former’s Cyberkiosque, SES said. The Cyberkiosque booths, located in public areas such as post offices and town halls, are computer terminals that use interactive satellite terminals to connect to the Internet.
Read MoreLa Poste, the French post office, has announced plans to spend €3.4bn on modernising its mail sorting and delivery systems over the next seven years to prepare for the liberalisation of Europe’s postal sector in 2009.
The governing council of state-owned La Poste voted to grant its chairman Jean-Paul Bailly the authority to sign a new 2003-2007 strategic plan with the government.
Read MoreS&P, the US ratings agency, decided to lower its long term senior debt rating on French post office La Poste from AAA to AA+. It did the same for Efiposte, the subsidiary which manages postal cheque accounts. S&P expert Alexandre de Lestrange believes La Poste has little time to implement the reforms needed prior to the liberalisation of the sector.
Read MoreTAT Express, the parcels subsidiary of French post office La Poste, has presented a new redundancy plan, following the annulment of the previous one by a Tours court at the start of November. The latest plan involves 539 job cuts out of 1,500, 60 more than the previous plan. Management say they have had to increase the number of redundancies because of the deterioration of the financial situation.
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