Israel Postal Company cutting back on mailbox network
Israel Postal Company is cutting back on its national network of mailboxes, in response to a sharp decline in the volume of mail being sent through the red boxes.
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Israel Postal Company invests in Elsag equipment
The Israel Postal Company has invested NIS 50m in automatic mail sorting equipment from Italian firm Elsag Datamat, reports The Jerusalem Post.
Read MoreThe Postal Bank in Israel will begin selling flight insurance in July
Israel Postal Company Ltd. and Mizrach Insurance Agency are expanding their collaboration and plan to begin the sale of flight insurance through branches of the Postal Bank Ltd. in July. The two companies also plan to expand the sale of vehicle insurance from ten post offices to fifty within the coming weeks.
The Postal Company and Mizrach Insurance Agency launched their joint venture in the first quarter of 2008. The pilot program for the sale of vehicle insurance began at two Postal Bank branches and without an advertising campaign. Both companies say that the pilot has been a success. There are reportedly an average of 1,100 leads per month and the number of sales of insurance policies is much higher than predicted.
Read MoreIsrael Post Q&A
Avi Hochman, President & CEO, Israel Post
World Mail Review May 2008
Postal union of Israel Post ends strike, but resumes work sanctions
The union of Israel Postal Company employees decided Sunday night to resume sanctions they applied last week instead of the full strike that shut down postal services on Sunday.
The 7,000 workers are protesting the government’s failure to lower bulk-mail rates so that the company can compete with private entrepreneurs in distributing hundreds of thousands of letters at a time. The workers claim that by not allowing the new state company to be competitive when it loses its monopoly in delivering bulk mail, many of them will be fired.
Diplomatic mail will not be distributed; mobile post offices will not operate; regular post office branches will close early (3:30 p.m. at large branches and 1:30 p.m. at smaller ones); and postal banks will not accept payments into government accounts.
However, postal agencies, which are owned by contractors rather than postal employees, continue to function normally in areas where they exist.
The National Insurance Institute said that NII allocations could be collected at these agencies Although the sending of letters by individuals is falling into disuse due to e-mail and faxes, the use of postal branches continues.
The Internet has significantly increased the ordering of products mailed directly to consumers. In addition, postal banks are widely used because they do not charge the fees demanded by commercial banks; thus many self-employed people go to the post offices on the 15th of the month to make their Value Added Tax payments and recipients of NII payments to get their money.
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