Maltapost has recently introduced new letter sorting procedures at its postal branch in Naxxar. Using the 9000 sort cases system, which was developed in New Zealand, the sorting procedures at the Naxxar delivery branch have significantly improved and become more efficient, resulting in less inside sorting time for the postal operators.
Read MoreThe joint venture of New Zealand Post subsidiary Transend and Maltapost was discussed during talks between Malta’s Edward Fenech-Adami and Helen Clark in Wellington. After the meeting, Dr Fenech-Adami said Maltapost was looking for a strategic partner to expand beyond the shores of the Mediterranean island. We think New Zealand Post does offer us the necessary expertise to be able to do that.’ New Zealand Post paid $6.5 million for 35 per cent of Maltapost in February. The remaining 65 per cent is owned by the Maltese government.
Read MoreA former New Zealand Post executive paid a $208,000 golden handshake last year has been hired as chief executive of Maltapost. NZ Post subsidiary Transend holds a 35 per cent stake in the Maltese postal service.
Read MoreNew Zealand Post’s Maltese business is searching for a new chief executive following the departure of Bob McGregor.
NZ Post subsidiary Transend, which has a 35 per cent stake in Maltapost, said it wanted a chief executive who would emphasise innovation and business development.
Transend acting managing director John Allen said in a statement today that the board of Maltapost’s decision to seek a new chief executive was supported by shareholders Malta Government Investments and Transend.
Malta’s parliamentary Public Accounts Committee has started to discuss the government’s sale of 30 percent of its shareholding in Maltapost Plc, the island’s postal company, to New Zealand’s government-owned NZ Post.
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