Tag: UK

UK Royal Mail to trial electronic stamps

Posted by | Jan 31, 2003 | |

Royal Mail is due to start trials on electronic stamps by end-April 2003. The system would allow consumers and companies to purchase stamps over the Internet and output them onto a printer, according to Paul Kelsall, information systems director with Royal Mail. If the trials are successful, electronic stamps will be available generally by end-2003. Lockheed Martin, supplier of sorting machines to Royal Mail, is developing the technology. The stamps will include encryption technology, to cut fraud.

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TPG, Deutsche Post in Hays bid?

Posted by | Jan 30, 2003 | |

The consolidation of Europe’s fragmented logistics sector is gathering pace with reports that Hays, the British business services group, plans to sell its logistics units.

TPG, the global mail and express group headquartered in Amsterdam, today declined to comment on reports that it is interested in the business, but said it is committed to boosting its activities in the United Kingdom. Germany’s Deutsche Post World Net has also been mentioned as a potential bidder along with British rivals Exel and Tibbet & Britten.

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Hays seeks buyer for logistics operations

Posted by | Jan 30, 2003 | |

Hays, the business services group, is sounding out potential bidders for the logistics activities that used to form the heart of its operations. Shareholders have been pressing for a break-up after disappointing trading and two profit warnings in the past 18 months. Schroder Salomon Smith Barney, Hays’ advisers, is understood to have contacted potential bidders for the business, which could be valued at between £250m and £400m.

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Royal Mail cuts 100 jobs in sales and marketing

Posted by | Jan 30, 2003 | |

The Royal Mail is to axe 20 per cent of its marketing and sales staff, resulting in the loss of 100 jobs.

The new Royal Mail marketing structure will have 300 marketing staff and around 100 sales and customer services staff, following job cuts across both areas. Royal Mail aims to shed the jobs by redeploying staff or through voluntary redundancies.

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