Tag: Worldwide

Swiss Post to buy its Singapore franchisee

Posted by | Oct 17, 2005 | |

Swiss Post is buying its Singapore-based franchisee as part of a plan to increase its presence in the Asia-Pacific region. “Singapore is a key market for us, and we are committed to further expanding our reach in this region by using Singapore as a gateway,” Swiss Post’s chief executive, Ulrich Gygi, said in an interview Friday. Gygi declined to say how much Swiss Post is paying its former Singapore franchisee. Swiss Post expects to complete by year-end the takeover of Singapore-based SPI Mail International Pte. Ltd., providing the Swiss firm with a direct presence in Singapore, Malaysia and Hong Kong. The company will then focus on expanding into new markets including China and Thailand, Gygi said.

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Canada Post profits amid service cuts and job losses

Posted by | Oct 16, 2005 | |

The Canadian Union of Postal Workers protested outside Canada Post headquarters Sunday at noon as the corporation celebrated its 24th anniversary with job losses and closures.

Postal workers responded to Canada Post’s “let them eat cake” attitude by cutting a cake with a special anniversary message: People Before Profits.

“We want Canada Post to say no to closures, yes to first-rate service, and yes to employees who need well-paying and stable jobs,” said Deborah Bourque, President of the Canadian Union of Postal Workers in her speech.

Speakers from the Bloc Quebecois, the NDP, the Canadian Labour Congress, the Canadian Postmasters and Assistants Association and the Union of Postal Communications Employees (Public Service Alliance of Canada) spoke out against post office and plant closures during the hour long event.

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An Post defends day-late distribution from Dublin

Posted by | Oct 15, 2005 | |

Half of all post sent in Dublin for national and international delivery does not leave the An Post sorting office the same day, according to the company’s internal figures, writes Olivia Kelly.

Daily records for the Dublin mail centre from September 15th to October 5th, seen by The Irish Times, show that the proportion of post leaving the sorting office the same day regularly slips under 50 per cent.

The Communications Workers’ Union (CWU), which represents postal workers, said the company’s customer service department was receiving up to 1,600 calls each day, and 1,200 of these related to letter delivery.

On September 15th some 1,611,105 items were received in the Dublin mail centre; 835,395 or 52 per cent remained in the mail centre at the end of the day. On Thursday last week, 2,272,040 items were received, with 1,429,765 or 62 per cent still in the sorting office at the end of the day.

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Broker delivers another setback to Business Post

Posted by | Oct 14, 2005 | |

Business Post was the biggest faller among second-liners yesterday, dropping 10percent and adding to the misery of shareholders who have seen the value of their investment almost halve this year.

Brokers took a knife to expectations after Business Post said profits would come in “substantially lower” than last year. It blamed weakening economic conditions which meant its customers were cutting back, leading to a sharp deterioration in its core businessto-business parcel service.

Daily volumes of its Express delivery side during August dropped below those of the previous year. The company had also had to make a provision of Pounds 3.2 million to cover outstanding payments from franchisees relating to previous years. The group has almost 60 depots, of which 34 are run by franchisees.

Broker Altium was one of those behind yesterday’s fall after slashing its target from 450p to 400p and telling clients it was becoming increasingly concerned that trading and operational issues are likely to get worse.

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