Tag: Mail Services

Acquisition of Citipost Group by AMP Investments Ltd

Posted by | Dec 10, 2004 | |

Alternative Mail & Parcels Investments Ltd (AMP) acquired the Citipost Group from Royal Mail on the 10th December 2004. Citipost Group is a niche Financial Research Distribution Company, which AMP are confident will compliment AMP’s existing business interests. AMP is the market leader in B2B Catalogue, Directory and Publications distribution in the UK. Coupled with their international division, AMP Worldwide, they provide a solid existing
framework into which Citipost will be incorporated. AMP recently secured a long term postal licence from Postcomm, the postal industry regulator, which enables it to provide bulk mail, consolidated mail and tracked business-to-business mail services in the UK through it’s existing delivery network.

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Portuguese postal workers begin two-day strike

Posted by | Dec 9, 2004 | |

Thousands of Portuguese postal workers began a two-day strike Thursday over job cuts and government plans to privatize some service offered by state postal firm CTT.

“There is going to be a significant delay in the delivery of mail,” the secretary-general of postal workers’ union SNTCT, Victor Narciso, told AFP.

He said roughly 50 percent of the 10,000 workers represented by the union were taking part in the strike.

Unions are angered over CTT plans to reduce the number of post offices it operates, slash the number of workers and develop more joint ventures with the private sector.

The loss-making CTT has cut 2,100 jobs since July 2002 and intends to cut another 2,400 positions.

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Deutsche Post extends contract of CFO Ernst

Posted by | Dec 9, 2004 | |

Deutsche Post AG said its supervisory board has extended the contract of the company’s chief financial officer, Edgar Ernst, for a further five years until the end of 2010.

Ernst, 52, has been CFO since 1992 and in a top management position with Deutsche Post since 1990.

He has played a key role in the privatisation and internationalisation processes at the company, Deutsche Post said.

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Lockheed Martin wins USD26M U.S. Postal Service order

Posted by | Dec 9, 2004 | |

Lockheed Martin said Thursday that it has been awarded a USD26 million deal by the U.S. Postal Service to provide the agency with 1,200 wide field of view cameras. The cameras will be used for reading bar codes and optical characters at post offices nationwide.

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