Postbank, the banking arm of German postal group Deutsche Post AG (DPWGn.DE), said on Friday it would close bank counters in 1,200 rural post offices by July 1 to save costs. A spokesman for the bank said the number of Deutsche Post outlets offering retail banking would be cut to 11,500 from 12,700 because 75 percent of clients in those branches had used banking services only once a year on average.
Read MoreThe European Commission has granted clearance under the Merger Regulation to the acquisition by Deutsche Post AG (DPAG) of sole control of Securicor Omega Holdings Ltd, a mail, parcel, freight delivery and logistics company currently controlled by DPAG and Securicor Plc. The deal gives rise to only limited overlaps which do not trigger dominance concerns in either the UK or Ireland, which are the only two EU countries where both are active in these postal distribution activities.
Read MoreIn future more parcel and express items will be sent by rail. Both companies are expecting to reactivate the route from Cologne, Germay, to Berlin at the beginning of the coming year. Other routes are being planned. The toll for lorries due to come into effect on 1 September and the increasing number of items are the basis for this co-operation decision. In doing so the Parcel InterCity network, currently covering the routes Hamburg/Hanover to Munich/Nuremberg, will be considerably extended. The destinations will be connected during the night with each other by trains, which, at up to 160 km/h, travel faster than any lorry.
Read MoreDeutsche Post, the German postal service operator, has not ruled out further job cuts abroad. However, management has assured that no redundancies are to take place in Germany, where any staff reductions carried out would take place through natural wastage. The company is also reported to be planning further acquisitions.
Read MoreIf you are sending mail abroad, there is a new alternative to Australia Post: the Germans.
Pack & Send, the national postal and packaging retail franchise, teamed up with Deutsche Post Global Mail last month to offer customers the Global Mail Packet, for the worldwide delivery of parcels weighing less than two kilograms.
“Deutsche Post Global Mail came to us because they wanted to enter the small business market by leveraging off our retail network,” said Pack & Send’s managing director, Michael Paul . “The alliance will allow us to provide the market with an alternative to Australia Post.”
DPGM has worked in Australia since July 2000, but has concentrated on bulk, business-to-business deliveries rather than small parcels.
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