Deutsche Post AG’s growth rate appears to have slowed down. Company chairman Mr Klaus Zumwinkel said in an interview with the German paper ‘Welt am Sonntag’ (20.1.2002) that he expected profits for the financial year 2001 to grow by 5% if the turnover growth remains continuous (2000 turnover: 32.7bn euros, profits: 1.527bn euros).
Read MoreThe German postal company has avoided paying value-added tax (VAT) amounting to $800-million for 1998 and 1999 prior to its stock market listing in 2000, a member of parliament has charged.
The accusation from Free Democrat Party member Juergen Koppelin is based on a confidential memo from the federal audit office and follows the launch of Deutsche Post on the stock market at the end of 2000.
Christian Salvesen PLC is planning to close four sites in Germany and to cut 200 jobs.
Read MoreGerman Parcel, the German subsidiary of UK postal operator Consignia, and the national partner businesses in the General Parcel group will deliver parcels from the US to Europe with immediate effect following an agreement between Consignia and the United States Postal Service (USPS).
Read MoreDeutsche Post is expect.ed to raise its stake in DHL Worldwide Express to 72 percent early in 2002, DIlL Iiiternational (UK) Ltd managing director David Coles said.
Deutsche Post has a 46.3 percent shareholding, which will rise to 51 percent and then to 72 percent over quickly next year, he told journalists.
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