Tag: Swiss Post

Swiss Post net profit hits record-high 540m Euro 2004

Switzerland’s postal service provider Swiss Post posted a record-high net profit of 837 mln Swiss francs (USD698.4 mln/540.3 mln euro) for 2004, up from 366 mln francs (USD305.4 mln/236.3 mln euro) for 2003, it was reported on March 31, 2005.

All Swiss Post units were profitable in 2004, the company said and attributed the strong profit rise to the higher prices of letter delivery services, which contributed 200 mln francs (USD166.9 mln/129.1 mln euro) to the profit.

Cost reduction through reorganisations and optimisations added 130 mln francs (USD108.5 mln/83.9 mln euro) and 120 mln francs (USD100.1 mln/77.5 mln euro) came from a drop in personnel costs.

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Swiss Post places 258 Mln Euro orders for letter sorting machines

Swiss Post placed 400 mln Swiss francs (USD340.8 mln/257.7 mln euro) orders with four companies for sorting machines and containers on March 8, 2005. Swiss Post will use the said equipment in the three new sorting centres and six subcentres, which it will start operating between 2006 and 2008 under the Reengineering Mailprocessing (REMA) project. Swiss Post will invest over 1.0 bln francs (USD852 mln/644 mln euro) in REMA by 2009. Swiss Post placed orders with Siemens Schweiz AG, Swiss Bern-based Gilgen AG, NEC Corporation and Swiss Aargau-based Georg Utz AG.

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Swiss Post continues to top international league for delivery times

Swiss Post is one of the fastest and most reliable postal companies in the world, as the annual, independent measurements show. In 2004, 97.4% of A Mail and B Mail letters arrived on time, very slightly down on the high figures achieved for 2003. In the parcels business, Swiss Post maintained its impressive position as well: 95.8% of PostPac Priority consignments and 97.7% of PostPac Economy consignments reached recipients within the promised time. On cross-border letters, Swiss Post has maintained the same excellent record for years: letters from and to Switzerland reach destinations in Europe in an average of 2.1 days, whereas the average time spent in transit for European postal companies as a whole is 2.2 days.

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Popular initiative in Switzerland: “Postal services for all”

In a continued effort to adapt to market liberalisation, the Swiss Post Office is restructuring further to increase efficiency and profitability. This includes the closure of several local post offices. The initiative “postal services for all” called on the government to guarantee basic postal services and to include the communes in decisions affecting the network of post offices.
The initiative was supported by the trade unions, consumer organisations and representatives of the leftist parties. The government and a majority in parliament opposed the initiative.

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Swiss voters ponder citizenship and post offices

Swiss voters had to decide Sunday whether they want to loosen the country’s tough rules on naturalizing foreigners, approve a national maternity leave program and halt a cost-cutting campaign to shut post offices. Referendums are the cornerstone of Switzerland’s system of direct democracy, and citizens cast ballots several times a year, often facing a bewildering array of questions. Turnout among the nation’s 4.7 million voters rarely exceeds 50 percent. The post office polls show no clear majority either way.

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