Tag: Royal Mail

Post offices hit in MBI collapse

Posted by | Jun 17, 2002 | |

Europe’s leading post offices head a £10m ( t10.6m) creditors’ list after the collapse in March of wholesaler and lettershop services provider Mail Brokers International.
And there may be more pain to come after holding company MBI Logistics followed Mail Brokers into liquidation last month.
Royal Mail, Parcelforce, Deutsche Post, La Poste, Swisspost and UPS are all owed six-figure sums. But a former MBI member of staff – one of 60 who received no salary or severance pay last month – said it was the smaller creditors he felt sorry for.
Creditors are pressuring the UK DTI to investigate MBI’s directors, accusing them of trading while knowingly insolvent.

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Magazines face higher post fees

Posted by | Jun 10, 2002 | |

A ROW has broken out between the UK’s magazine industry and the Royal Mail over new postal charges which, it is claimed, could lead to the closure of a large number of magazines.
The magazine industry says the Royal Mail could lose up to £50 million in revenues, money that its parent company Consignia, which will this week announce huge losses, can ill-afford to forgo.

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DM industry criticises changes to mail price

Posted by | Jun 7, 2002 | |

The Direct Marketing Association and leading agencies have attacked Royal Mail for proposed changes to the pricing system for business mail postal rates. Royal Mail is currently in a consultation period over the proposed changes that would see new charges being based on the size of mailings rather than weight.

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17,000 Royal Mail jobs to go

Posted by | Jun 7, 2002 | |

Royal Mail confirmed yesterday that it is to shed about 17,000 jobs over the next two years as it shakes up the way post is delivered in an effort to return to profitability. Consignia wants urban deliveries to be made by teams of between three and five postal workers operating from a van in bursts of 15 to 20 minutes each. The scheme would see postal deliveries taking four hours rather than the 2.5-hour norm.

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Undeliverable mail up 18%

Posted by | Jun 6, 2002 | |

A record 72 million items of mail were posted last year with addresses which were incomplete, inaccurate, illegible, or left off altogether, the Post Office revealed today. The amount of so-called “undeliverable” mail increased by 18% last year.

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