Tag: Mail Services

Gov’t to sell all shares in postal savings, ‘kampo’ firms

Posted by | Dec 14, 2004 | |

The government plans to sell by 2017 all the shares in planned companies that will inherit state-run postal savings and “kampo” life insurance services, the Yomiuri Shimbun said Tuesday.

The step is intended to make the two companies completely independent of a government-affiliated holding company and funnel their funds into private markets, the newspaper said.

The government will include the step in a draft bill to be mapped out early next year to privatize the state-backed Japan Post, which is in charge of mail delivery, postal savings and life insurance services, the daily said.

The draft bill will not require the planned postal savings and life insurance companies to use post offices to provide their services, it said.

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Plans by An Post to cut staff rejected by union

Posted by | Dec 14, 2004 | |

Plans by An Post to cut staff numbers and overtime costs drastically in its collection and delivery service have been overwhelmingly rejected by staff. Of 4,315 members balloted by the Communications Workers’ Union, only 195 supported management’s reform proposals. They will now be referred to the Labour Court for adjudication next year, further delaying full implementation of a company recovery plan. The ballot result, announced yesterday by the CWU, does not carry any threat of industrial action. CWU members had balloted separately in favour of a strike. However, following a 24-hour stoppage last week, the union said there will be no further disruption before Christmas. The latest ballot concerned the outcome of seven months of negotiations between the company and the union at the Labour Relations Commission (LRC).

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Deutsche Post rejects proposal to relax letter mail licence

Posted by | Dec 14, 2004 | |

Calls by two federal states for the letter mail market to be opened up early put nationwide provision of postal services at risk, says Deutsche Post. Deutsche Post has soundly rejected the calls made by the German federal states of Hesse and Lower Saxony for the exclusive letter mail license to be relaxed early, saying that the frequently repeated claims that the current legal situation is hindering competition and is putting customers at a disadvantage do not reflect reality and are politically motivated.

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Deutsche Post rejects Commerzbank’s advances to Postbank unit

Posted by | Dec 13, 2004 | |

Deutsche Post, the semi-privatised German postal authority, rejected Monday the advances made by Germany’s fourth-biggest bank Commerzbank to Deutsche Post’s banking unit Postbank.

“There aren’t and have not been any talks with Commerzbank,” a Deutsche Post spokeswoman said, adding that no changes were planned in Postbank’s capital structure.

In a newspaper interview at the weekend, Commerzbank chairman Klaus-Peter Mueller had expressed an interest in a possible merger with Postbank.

“If we were to merge with Postbank, we’d become the biggest bank for private customers in Europe,” Mueller told the Sunday newspaper Welt am Sonntag.

Postbank, which has also been coveted by Germany’s biggest bank Deutsche Bank in the past, has a 11-percent share of the high-street banking market in Germany.

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