| M | T | W | T | F | S | S |
|---|---|---|---|---|---|---|
| 30 | 1 | 2 | 3 | 4 | 5 | 6 |
| 7 | 8 | 9 | 10 | 11 | 12 | 13 |
| 14 | 15 | 16 | 17 | 18 | 19 | 20 |
| 21 | 22 | 23 | 24 | 25 | 26 | 27 |
| 28 | 29 | 30 | 31 | 1 | 2 | 3 |
Today
Polls
RSS Feed Business17. 03. 10. - 12:00
Worst results for struggling Post
Struggling postal service Post AG has reported its worst results yet for 2009.
The partially state-owned Post said yesterday (Tues) that last year earnings before interest and taxes (Ebit) declined by 11.9 per cent to 149.4 million Euros and earnings before interest, taxes, depreciation and amortisation (Ebitda) fell by 16.3 per cent to 269.2 million Euros year on year in 2009. Earnings per share went down by 31 per cent to 1.18 Euros year on year.
In addition, last year’s turnover fell by 3.5 per cent year on year to 2.357 billion Euros.
While earnings in the package and logistics division rose by 63.5 per cent, earnings in the letter division fell by 13.1 per cent last year.
Personnel costs rose by 1.8 per cent in 2009 despite Post laying off 25,921 employees.
Post chief Georg Pölzl said he hoped 2010 would be better, adding that although he foresaw a difficult year adhead, he thought it would be stable for the firm, with a decline in turnover of two per cent.
He added that Post’s savings programme had helped it weather the storm of recession last year.
"Attrition helped compensate for the big wage increase in 2009 as a result of high inflation in 2008. We had net savings of 40 million Euros last year, above our goal of 30 million," he said.
One of the ways that Post wants to cut costs is through more post office closures and their substitution by Post partners, local governments or firms that provide basic postal services for a set fee.
The postal workers’ union, however, opposes more closures and has an alternative. Union chief Gerhard Fritz claimed last month that daily business hours at small post offices could be reduced and staggered to suit customers’ needs.
He denied that businesses chosen to be new Post partners and offer basic postal services would be able to provide better business hours.
Lower Austrian People’s Party (ÖVP) Governor Erwin Pröll announced early this month that his province would have at least 500 postal service providers within two years.
Pröll said national postal service Post AG and he had agreed on the number, which would include post offices and Post partners in areas without post offices.
Pölzl said Post had received 65 applications from prospective partners in the province.
Austrian Times
Related articles: crisis
-
Austrian economy recovers, says OECD
» Business 2012-05-23
The Austrian economy will manage to grow by nearly one per cent this year, according to the Organisation for Economic Co-operation and Development (OECD).
-
AUA rules out Whitsun travel chaos
» Business 2012-05-23
The current conflict with the works committee does not negatively affect Austrian Airlines’ (AUA) booking figures, according to a spokesman.
-
Pröll outpaces friends and foes in capability check
» General News 2012-05-23
Austria’s longest-serving governor has been identified as the most capable one in the opinion of citizens.
Tag cloud:
taxes struggling Euros business union Union opposes savings earnings turnover rose closures offices postal prospective substitution workers basic division alternative
AUA rules out Whitsun travel chaos
The current conflict with the works committee does not negatively affect Austrian Airlines’ (AUA) booking figures, according to a spokesman.
Weak start for RWR Card
People’s Party (ÖVP) Economy Minister Reinhold Mitterlehner has admitted difficulties in introducing the Red White Red Card (RWR Card, Rot-Weiß-Rot Card).
Pröll outpaces friends and foes in capability check
Austria’s longest-serving governor has been identified as the most capable one in the opinion of citizens.
Foul-mouthed MPs might face fines
Fritz Neugebauer has started another attempt to introduce a system of fees for abusive parliament delegates (MPs).
Car sharers should get cheap U-Bahn tickets say greens
People who support the environment by signing up for car sharing initiatives to cut down inner city congestion should get subsidised public transport.
Film festivals in Vienna
There are two film festivals back to back in Vienna this May and June. The "Let's CEE Film Festival" shows films from Central and Eastern Europe, while the "Vienna Independent Shorts" focuses on short films.
Salzburg builds new prison
Salzburg is to get a new prison.
Postwoman killed by express train
An 32-year-old postwoman was killed instantly when she apparently failed to see a stop sign on a train track - and was hit by a 120 kph express train at the Grimmenstein sortage depot in the Lower Austrian region of Neunkirchen.
Dirty water caused by excrement
Health experts are struggling to find the source of excrement that has contaminated water supplies at the town of Köstendorf in Salzburg province.
Man Utd chase Austrian ace
Manchester United have signalised interest in David Alaba.
The most popular stories –
last 7 days
|
Giant penis is blown up |
|
Swastika Shaped Austrian School Rebuilt |
|
Nazi still honoured in Austria |
|
Thieves caught trying to nick F**king Sign |
|
20th Vienna Life Ball a fiery success! |
