Tag: Germany

Deutsche Post saves Eur500m in cost-cutting program

Posted by | Jul 27, 2004 | |

German postal services company Deutsche Post AG has saved some 500 mln Euro (USD606.9 mln) since it introduced a cost-cutting program in October 2002, aiming to reduce its costs by at least 1.4 bln Euro (USD1.699 bln) by the end of 2005, the company said on July 27, 2004. Following the program, Deutsche Post aims to achieve annual savings in the three-digit millions of euro, mainly through flexible working hours and a combined delivery of letters and parcels.

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Spanish postal services team up with Deutsche Bank

Posted by | Jul 26, 2004 | |

The Spanish postal service Correos y Telegrafos signed an exclusive agreement with Deutsche Bank back in 1999, leading to the creation of Correos DB. The two groups now split the profits 50/50. In the last four years the two groups have acquired 145,000 customers and are now expanding their range of products and services, which now includes mortgages and credit cards, as well as pension funds and insurance policies.

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German airport Leipzig hopes to be used as base by DHL

Posted by | Jul 24, 2004 | |

Leipzig-Halle airport, Germany, is hoping that it will be chosen as a base by DHL, the subsidiary of German postal service operator Deutsche Post that specialises in express deliveries and logistics. DHL is currently based in Brussels, but says that it will be able to deal with the increasing volume of deliveries only if the airport there is extended and remains in operation during the night. However, there is opposition to these plans.

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German Hermes Versand to start operating parcel machines

Posted by | Jul 22, 2004 | |

Hermes Versand, the postal service operator owned by German mail order group Otto, is to set up 10 parcel machines in Hamburg, Munich and Dusseldorf together with its co-operation partner Siemens, the German technologies group, and will thus intensify its competition with Deutsche Post, Germany’s leading postal service operator and former monopoly.

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Redundancies possible at Deutsche Post subsidiaries

Posted by | Jul 21, 2004 | |

Deutsche Post, the German postal service operator, is not expecting a speedy agreement with the services sector union Ver.di regarding planned restructuring, as redundancies are possible for the first time in the company’s history with the merger of the German activities of subsidiaries Danzas, DHL and Euro Express. It is estimated that 1,600 out of 10,000 jobs in the three subsidiaries will become obsolete.

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