Article Abstract:
The Austrian Post expects to break even in 2000, while turnover is likely to remain stable. For the first half of 2000 the Post reports a loss on ordinary activities of Sch 14.3mn, compared with a profit of Sch 302mn in the year earlier period. Earnings before interest and taxes fell from Sch 233mn to a loss of Sch 138mn. The poor result is explained largely with the cuts in public subsidies for the distribution of newspapers by Sch 300mn. Moreover, personnel costs increased by 3.1%, and the modernisation programme requires extensive investments.
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Article Abstract:
In reaction to (unconfirmed) reports about the planned closure of 712 post offices in Austria, infrastructure minister Monika Forstinger emphasised that she would have a close look at the Austrian Post's plans. If necessary, she will use the planned new universal service ordinance to put pressure on the Post. The draft, which is to be presented in the autumn 2001, requires post offices to be opened at least on Mondays through Fridays. Moreover, 95% of all mail must be delivered on the following day, 98% within two days after being posted.
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Article Abstract:
Osterreichische Post has reached an agreement with employees' representatives about setting up a separate company to take over staff becoming redundant from the postal service. The Post is planning to cut about 6,000 full-time jobs. The new company called Gemeinnutzige Logistik Zustellung DienstleistungsgmbH (GLZD) could take become active for instance in the field of social services, providing meals on wheels etc. Post employees can move to GLZD on a voluntary basis.
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