Customers and employees of Deutsche Post will have to get used to changes. The Bonn-based group is completely restructuring its packaging and logistics division following the takeover by express delivery company DHL. In future, the companies Danzas and Euro Express will be run under the control of the DHL brand.
Read MoreEmirates Post and Deutsche Post have signed a Memorandum of Understanding (MoU) to explore enhanced business cooperation between the two postal corporations, including expanded scope for the Emirates Post’s international mail transit hub located at Dubai International Airport.
In addition to expanding the scope of the Emirates Post mail transit hub, the two sides agreed to explore the possibilities of Emirates Post using Deutsche Post’s mail hub facilities based in Frankfurt.
Read MoreDeutsche Post has emerged as the front-runner to acquire a majority stake in Austria’s post office in a move that would help the German postal and logistics supplier expand its planned pan-European mail network. Austrian officials said Deutsche Post stood a better chance than its Swedish, Swiss and French competitors to win the offer as it seemed keen to integrate the Austrian post office into its European growth plans. Common language was another factor, they said. The Austrian parliament is expected next week to give the formal go-ahead to privatise up to 75 per cent of the Austrian post office, ÖIAG.
Read MoreIn fiscal year 2002, Deutsche Post World Net once again increased revenues, which exceeded expectations for its results. At EUR 39.3 billion, this took the Group’s revenues 17.6 percent higher than in the previous year. The profit from operating activities before goodwill amortization (EBITA), is at around EUR 2.4 billion, about 5 percent below the prior year’s figures, thereby exceeding the EUR 2.2 billion forecast. In the process, all divisions reached or in some cases even exceeded their target results. As the STAR project’s successes have already contributed to the good 2002 result, the group is reaffirming its goal of increasing EBITA by 2005 to EUR 3.1 billion.
Read MoreGrimaud Logistique, the French subsidiary of Belgian group Ziegler, is heading towards liquidation only a few weeks after unveiling a drastic restructuring programme.
Under the rescue plan, 863 jobs at Grimaud were to be axed out of a total workforce of 1,184. But the company’s works committee has made no formal response, which means consultations cannot proceed.
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