Tag: Mail Services

Sweden Post Interim Annual Report

Posted by | Sep 30, 2003 | |

Sweden Post interim Annual Report – Jan-Sept 03
Key highlights:
Net sales totaled SEK17,954m (17,314).
P:LIBRARYPostalAnnual ReportsSweden Post interim Jan-Sept03.pdf
After-tax earnings totaled SEK-401m (356), including provisions totaling SEK-429m. Reversed provisions totaling SEK916m were included in the same period last year.
Measures for which provisions are earmarked will provide annual cost savings of SEK325m, of which SEK225m will be achieved already by 2004.
Adjusted operating earnings were SEK-147m (-425) including a provision of SEK-149m (0). hird-quarter adjusted operating earnings totaled SEK151m.
Cash flow before financing activities amounted to SEK-868m. Negative third-quarter cash flow of SEK-479m is seasonal and entirely attributable to vacation liabilities.

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Deutsche Post to co-operate with Post Danmark

Posted by | Sep 30, 2003 | |

Deutsche Post, Germany’s postal service operator, has signed a co-operation agreement with Post Danmark, its Danish counterpart, as part of which the latter will start working for DHL Express, the former’s subsidiary, in Denmark. The German group is also among the future bidders for the 25 per cent stake which the Danish state intends to sell in Post Danmark in the near future. The co-operation agreement is expected to improve Deutsche Post’s chances of being chosen as the buyer of the 25% holding.

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Spring names new president in the United States

Posted by | Sep 30, 2003 | |

Spring, the world’s largest independent provider of international mail services, has named a new president in the United States. The reorganisation became necessary after David Walker, formerly president and CEO, returned to the United Kingdom to accept a position with Royal Mail Group plc, one of three shareholder companies of Spring. Paul Tessy, formerly the U.S. vice president of Sales, Commercial and Client Services, has been appointed president, with responsibility for the Spring business in the United States, Latin America and the Caribbean.

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Estonian Post to lay off 91 insead of 156 this year

Posted by | Sep 30, 2003 | |

The council of the state-owned Eesti Post (Estonian Post) company ruled last week to cut 91 jobs this year instead of the previously planned 156. “When exactly the slips will be handed to specific employees depends first and foremost on the Estonian Communications Workers Trade Union Association as well as the Labor Inspectorate, which must give their consent to the layoffs in accordance with valid laws,” spokeswoman Inge Rumessen told BNS on Monday. Eesti Post has been making rearrangements during almost ten years to increase the efficiency of distribution, primarily by giving cars to mail carriers in rural areas who earlier used to go on foot or by bike. Also, it is purchasing the service of mail distribution from people who use their own cars to carry mail in rural areas as sole proprietors.

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UK Royal Mail urge people not to post in London

Posted by | Sep 30, 2003 | |

The Royal Mail has urged people not to post letters in London because of the strike by postal workers which will cripple deliveries.

The 24-hour walk-out by members of the Communication Workers Union could have a knock-on effect in other parts of the UK.

The workers are demanding a bigger rise in their London weighting allowance than one offered by the Royal Mail.

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