Tag: Republic of Ireland

Qualified approval for 7 cent stamp rise in Ireland

The Commission for Communications Regulation (ComReg) has agreed in principle to allow An Post to increase the price of a stamp by seven cent to 48 cents.
But in a decision published yesterday the regulator deferred a final ruling until An Post sets up a discount scheme to help small firms with the cost of postage. This final ruling is now due after August 15th and should open the way for price increases on a range of postal services from the end of this month.
The increases will be worth E18 million a year to An Post, which last week published its biggest annual losses of E70.5 million. An Post welcomed the ruling last night, which it described as the first major increase in Irish postal prices since 1991.

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Stamp price rise to keep An Post out of 'choppy waters'

Increases in the price of stamps and postal services are essential if An Post is to overcome the “choppy waters” it faces in making the company competitive, according to Communications Minister Dermot Ahern. “Obviously the Government wish to keep costs down as much as possible but when you see investment in a structure such as this, you realise a price must be paid. Increases inpostal services haven’t been significant in recent years because An Post have had anincreased turnover due to the economic situation. But we’re going into choppier watersnow so the future will be difficult for companies like An Post,” he said.

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Minister Opens An Post Cork Mail Centre

An Posts new EUR 35 million automated mail sorting centre at Little Island in Cork was officially opened today by the Minister for Communications, Marine and Natural Resources Mr Dermot Ahern TD. Up to 450,000 items of mail for Cork city and county, Kerry, Limerick, Clare and Waterford will be processed daily by the most modern available technology in the custom built, 100,000 square foot premises. A total of 56 full-time and 182 part-time staff will be employed at the plant during the initial phase rising then to 98 full time and 134 part time.

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An Post Names Chief Executive

The Board of An Post has appointed Mr Donal Curtin to be the new chief executive of An Post. He will take up his position on July 14 upon the retirement of Mr John Hynes. Mr Curtin has had a distinguished career at senior management and operational level in the ESB where he held the position of Commercial Director as well as several high level posts in its subsidiary ESB International (ESBI).

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Unions back An Post axe

Unions at An Post have agreed to a radical rationalisation of the company’s parcel delivery business that will lead to the loss of 123 jobs. SDS, which has about 40% of the Irish parcel delivery market and currently employs 427 people, has seen its revenues fall significantly over the past two years. Competition has intensified from companies such as UPS and DHL with international operations who are able to offer customers better tracking of parcels. Before last year, SDS’s financial problems were largely masked by overall growth in the market

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