Over the next 5 years, Russia will invest USD350m in the development of mail delivery systems, Deputy Minister of Telecommunications and Information Alexander Kiselyov reported at a press conference in the Domodedovo airport.
Read MorePosten Sverige’s corporate management team has been reduced from 18 to 6 members. In a move to streamline the organizational structure, business operations will be aligned into two divisions, Market and Production and Logistics. Three incumbents will join the new, leaner management team. Bo Friberg will serve as Chief Financial Officer and Treasurer; Ingemar Persson, executive vice president, will lead Human Resources; and Inger Holmström will be in charge of Corporate Communications.
Elisabeth Ström, whose previous positions include executive vice president of Kooperativa Förbundet and FöreningsSparbanken, has been named executive vice president and interim deputy chief executive officer in charge of the Market division.
The troubled Hays group has plunged deeper into the red with £628.4m (t892.2m) in write-offs and charges tied in to its long-term plan to focus on recruitment.
Most of the charges are attributed to the write-downs of the support services group’s document storage and logistics arms, both of which are for sale.
The Postal Authority is ready and eager for the government to open up mail services to competition from private companies, but only gradually, says authority chairman Yossi Shelli, commenting on the Treasury’s budget proposal that calls for turning the authority into a government company.
Read MoreRoyal Mail and the postal workers’ union, the CWU, are to hold last-ditch, face to face talks today in an attempt to prevent the first national strike for seven years.
The two sides, who met on Friday, have come under government pressure to settle the pay and productivity dispute amid evidence that the 160,000 postal workers are voting substantially in favour of action.
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