Tag: Germany

Deutsche Post restructures internet business

Posted by | Jun 4, 2002 | |

Deutsche Post, the German postal service operator, is restructuring its e-business division, but stresses that it does not plan to withdraw from internet activities. The company plans to dispose of any e-business activities not expected to break even within two years, a buyer is sought for the shopping portal Evita, while subsidiaries E-Post and Deutsche Post Com are to be integrated into the group’s letter division. Negotiations with potential bidders for Evita are reported to be showing sluggish progress, however.

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Deutsche Post says 6.5 pct union demand 'Unrealistic'

Posted by | Jun 3, 2002 | |

Deutsche Post AG said it will offer its workers a pay rise at the next scheduled round of wage negotiations on June 10 and 11 but warned the ver.di union’s demand for a 6.5 pct pay rise is “unrealistic”.
The company did not say how much it is offering.
Ver.di said today that postal workers will hold warning strikes from tomorrow after two failed rounds of pay talks.
The strikes will disrupt some postal services, the union said.

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Threat of strikes for German postal service

Posted by | Jun 2, 2002 | |

Letter deliveries in Germany could be hit by a series of “warning strikes,” from Tuesday in a dispute over pay, a spokesman for the Ver.di union, Rolf Buettner said.
Buettner, who sits on the Deutsche Post board as a union representative, said the strikes are likely to result in reduced postal services.
Ver.di is claiming 6.5 percent pay rises for its members, and has criticised the partly privatised company for not responding to the claims.

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Deutsche Post plans €1bn bond issue

Posted by | May 27, 2002 | |

Deutsche Post, the German postal and logistics group, plans to raise about €1bn ($920m) through a bond issue, FT Deutschland has learned.
The move, the first ever by the former state monopolist, is aimed at transforming short-term liabilities into longer-term ones. Talks with various investment banks were in an advanced state, but a consortium manager had not yet been appointed. The issue was expected within the next few weeks. Deutsche Post declined to comment over the weekend.

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