Tag: UK

Consignia denies selling GLS and other overseas ops

Posted by | Jul 29, 2002 | |

Consignia, the UK postal service, said it is not selling its overseas businesses, including the General Logistics Services (GLS) division.
“We have no plan to sell our international operations at the moment. They’re not for sale,” a spokesman at Consignia said.
The Observer on Sunday reported that Allan Leighton, the company’s chairman, is planning to sell its business abroad in a deal that could raise about 500 mln stg.
Loss-making GLS is involved in parcel distribution, express and logistics services. It currently employs 11,000 people in 15 European countries.

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3,000 Post Offices to close over three years

Posted by | Jul 29, 2002 | |

Four urban post offices are set to close every working day over the next three years under plans to revamp the ailing network.
The sweeping programme will start in January, according to David Mills, chief executive of the Post Office network, who has revealed the rate of closures for the first time.
He told the Financial Times that the scheme to close 3,000 urban branches – a third of the urban network – would start next year at a rate of 1,000 closures a year until the end of 2005.

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Consignia delays pounds 1bn deal to avoid a strike

Posted by | Jul 28, 2002 | |

Consignia has offered to delay a pounds 1bn plan to part-privatise its facilities department by three months in an attempt to see off a national postal strike.
The proposal was made at a heated meeting with Communication Workers Union (CWU) officials on Thursday, hours before the union was due to ballot its members on industrial action.
But it is understood the union has given the postal group a two-week ultimatum to agree to concessions before it asks its 180,000 Consignia members to vote on a series of one-day walkouts.
Consignia, chaired by Allan Leighton, wants to transfer 7,000 postal workers to a new company, 49 per cent owned by construction company Balfour Beatty.

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Consignia looking to sell overseas ops

Posted by | Jul 28, 2002 | |

Consignia PLC chairman Allan Leighton is planning the sale of the Post Office and Royal Mail Group’s overseas operations which could be worth up to 500 mln stg, the Observer reported, citing senior Consignia sources.
The sources told the newspaper Leighton is “sceptical” about the value of the General Logistics Service division to the overall business, and that he prefers a sale which would reduce the company’s debt by between 450-500 mln stg.

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