Tag: Mail Services

Azerbaijan and Turkey agreed to transfer money by e-way

Posted by | Apr 9, 2008 | |

The visit of Turkish post representatives to Azerbaijan has been completed, during which switching to e-system of money transfers was discussed.

Ministry of Communications and Information Technologies informed that the main topics for discussions were questions on switching to e-system of money transfers between Azerbaijan and Turkey instead of existing transfer system via fax and a possibility to join Azerpocht state enterprise to Eurogiro money transfer system.

“After held meetings Turkish party reported that in two months they would solve technical questions and submit information to Azerpocht administration,” it was reported.

During the visit the guests familiarized with reforms regarding communications in Azerbaijan and Azerpocht work principles.

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Business Post Group: Pre-close period trading update

Posted by | Apr 9, 2008 | |

Business Post Group plc issued the following pre-close period trading update for the year ended 31 March 2008.

Group revenues for the financial year increased by 10.1pct on the previous year. Excluding the revenues from the FedEx contract, which terminated on 30 April 2007, underlying Group revenue increased by 16.5pct.

The company continues to see good growth in the B2B parcels business which represents around 80pct of parcels revenues. In B2C, which represents 15pct of the parcels business, the company is seeing an improving trend of performance.

Revenues in our Mail business, UK Mail, increased by some 50pct on the previous year, derived from both new contract wins and substantial further business from existing customers. The company claims to handle some 10pct of all mail collected in the UK.

Revenues in Specialist Services are now recovering with the fourth quarter showing growth.

The courier business, now trading under the UK Mail brand, has recently won a number of new same-day contracts.

The Group has maintained strong revenue growth, both during the fourth quarter and for the year as a whole. The overall performance is in line with the Board’s expectations.
Business Post Group plc will report its preliminary results for the year ended 31 March 2008 on 21 May 2008.

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Post Office increases Instant Saver bonus rate

Posted by | Apr 8, 2008 | |

The Post Office today announces it is increasing the bonus rate on its Instant Saver account to 1.5 pct with immediate effect.

For a limited period, new customers applying for an Instant Saver account will receive 6 pct AER on balances of more than GBP 500. The introductory bonus is paid on deposits for 12 months from the date the account was opened, after which interest is earned at the standard rate – currently 4.5 pct.

Richard Norman, director of savings at the Post Office, said: “The savings market has changed dramatically in the last six months and in order for the Post Office to continue offering great value in an increasingly competitive market, we have decided to increase the bonus rate.

“This promotional offer will be reviewed on a monthly basis, to ensure that it continues to meet our customers’ expectations and keep us in line with the rest of the market.”

Post Office Instant Saver is available at all of the UK’s 14,000 Post Office branches, by telephone and online. Withdrawals can be made over the counter at branches and via 60,000 Link ATMs, offering unrivalled choice and convenience.

It also offer two unique guarantees – to pass on all base rate rises in full until January 2010 and to remain within 1.0 pct of the Bank of England base rate for the life of the account. Savers can make six free withdrawals a year with a flat fee of just GBP 1 for any future withdrawals.

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TNT Post to offer 3pct structural wage increase (UK)

Posted by | Apr 8, 2008 | |

During negotiations between the trade unions and TNT Post yesterday on a revised collective labour agreement as one of the means of bringing the employment package at the postal company in line with the market, TNT Post offered a structural wage increase of 3pct.

The offer comprises a 1.5pct salary rise with retroactive effect to 1 April 2008, and a further 1.5pct on 1 January 2009. The latter is conditional on the elaboration and implementation of a plan, put forward by a joint working group with representatives from the trade unions and TNT Post, to make fundamental changes to the conditions of employment.

TNT Post and the unions have now been in discussions for a year. In April 2007, TNT Post provided more details on the necessity of achieving an additional 300 million euros in cost savings above those already being generated by earlier plans. These cost savings cannot be achieved through operational efficiency measures alone; the conditions of employment also have to be brought more in line with the market, and additional assisted reemployment measures are required as well to limit job loss. Depending on the chosen solution, between 6,500 and 11,000 employees would be affected.

The trade unions have nonetheless rejected the offer made by TNT and have announced actions. TNT is considering the present situation, but remains firm on the necessity of implementing considerable further cost savings at TNT Post, in line with that which was previously announced. In the period 2007 to 2015, TNT Post wants to achieve a total of 395 million euros annually in cost savings. A considerable portion of this must be achieved through bringing the conditions of employment in line with the market.

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