Tag: Germany

Deutsche Post plans to sell all remaining post offices by 2011

Posted by | Jun 16, 2008 | |

Deutsche Post plans to sell off all its 750 remaining post offices by 2011 and will then have a retail network of 13,500 outlets operated completely by private partners or its Postbank subsidiary. It has previously planned to retain about 100 “flagship” outlets as an in-house operation.

A company spokesman confirmed German media reports about the post office sales, stressing that the local branches would not be closed but taken over by private retail partners. The 2,000 post office staff affected by the disposal would be transferred to other jobs within the group.

Deutsche Post’s head of mail, Jürgen Gerdes, said in a statement that the German postal operator was committed to extending its network, improving its service and adding more products while keeping its retail network costs under control.

Deutsche Post, which is legally obliged to operate a minimum network of 12,000 postal outlets, currently has about 13,500 outlets. Over the last decade it has started to divide up the network into a three-tier structure with full-service “flagship” post offices, full-service postal counters within retail stores, and streamlined postal services offered by private partners.

There are currently about 1,600 “flagship” outlets. Of these, 850 are former post offices in top locations sold to financial services subsidiary Postbank in 2006 and re-branded as “Postbank Finanzcenters”, offering a full range of banking and postal services. The other 750 Deutsche Post-operated post offices, often in secondary locations, are those planned to be disposed of.

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ToCOSS calculates Total Cost of Ownership for self-service networks

Posted by | Jun 16, 2008 | |

How high are the costs for a bank’s self-service infrastructure over the entire product lifecycle? A new analysis tool from Wincor Nixdorf provides the answer. It calculates and analyzes the costs of implementing, maintaining and operating complex self-service solutions made up of hardware, software and services.

The tool – ToCOSS: Total Cost of Ownership for Self-Service Retail Banking – examines costs for everything from end-user devices to central systems in the background. It outlines a number of investment scenarios built around an array of parameters. Based on factors that include the cost of acquiring new hardware or software, integration costs, the expense of operating the data center or maintaining and monitoring the various systems, for example, ToCOSS then calculates the costs for the entire product lifecycle of a self-service network (TCO – Total Cost of Ownership).

The new tool is useful whenever banks are planning investments in their self-service networks – in hardware, but particularly in the integration of new software. It helps banks forecast what impact migration to new multivendor applications or integration in multichannel architectures will have on TCO.

The bank’s IT managers can then base their decisions on solid analyses. The TCO analysis delivers investment protection, creates cost transparency and identifies savings potential.

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Deutsche Post CEO says in no rush on Postbank

Posted by | Jun 15, 2008 | |

Postbank owner, Deutsche Post, is in no hurry to reach a decision on a possible sale of the German retail bank, Chief Executive Frank Appel told Reuters in an interview.

‘I don’t feel any rush or haste. I will decide according to what is best for Deutsche Post, but also for Postbank,’ Appel said on Saturday during a trip to China with German Foreign Minister Frank-Walter Steinmeier.

Postbank, the country’s biggest retail bank, is up for sale and its owner has invited expressions of interest. Sources familiar with the matter told Reuters last week that if offers are good enough, Deutsche Post will push ahead with a sale within weeks.

Deutsche Bank has flagged interest in Postbank, as have Allianz and Commerzbank, which are making a joint approach. They would plan to swallow Postbank into a newly created group that would include Allianz’s Dresdner Bank.

Asked about the possibilities on the table for Postbank, Appel said: ‘We are sounding out options and are not participating in any speculation.’

Appel was participating in a three-day trip with Steinmeier to China, where Deutsche Post’s delivery arm DHL express is moving to strengthen its foothold in the fast-growing market.

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time:matters opens branch office in Singapore

Posted by | Jun 15, 2008 | |

time:matters is continuing its internationalisation strategy with the establishment of its first Asian branch in Singapore. More Asian locations are planned for the near future.

As the Asian headquarters, the new time:matters Asia Pacific Ltd. in Singapore is responsible for on-site customer service in East and Southeast Asia as well as in the Pacific area.

Following the establishment of European branches in Switzerland and Austria, Poland and the Netherlands, the new site in Singapore is time:matters’ first Asian branch office. Up to now the company has been represented locally by sales agents from the parent company Lufthansa Cargo in more than 20 Asian cities. The number of time:matters’ own offices on the Asian continent is to increase in the coming months.

With the establishment of the branch office in Singapore, time:matters is taking into account that the need for extremely fast, yet at the same time highly reliable logistics solutions is increasing worldwide – especially on intercontinental routes – which particularly applies to the Asia-Pacific region.

Manufacturing processes that are characterised by the increasing outsourcing of individual production steps as well as the continual reduction of storage, also cause logistics – especially in the Asia-Pacific area – to be faced with new challenges with regards to speed and punctuality.

time:matters said that it orients itself towards these requirements, whereby the focus in the Asia-Pacific region is currently on the car-supplier and the high-tech industries. The operator’s solutions for the transport of time-critical shipments, for example spare parts or electronic components, are particularly useful for other logistics service providers.

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Deutsche Post to gradually give up own outlets

Posted by | Jun 13, 2008 | |

Deutsche Post World Net AG. plans to gradually give up running its own postal service outlets over the coming years to reduce costs, a spokesman for the company said, confirming an earlier report in German newspaper Westfalen-Blatt.

But the spokesman said that the branches will not be closed. Instead, they will be run as ‘partner branches’, which are commonly integrated into retail stores.

The company previously said it will retain about 100 of its 750 own branches.

There are some exceptions, though, the spokesman said, in places where there is no retail outlet or gas station that could house a postal service desk.

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