Saturday, 07. December 2013 - 10:12
16. 03. 12. - 15:00
Austrian postal services provider Post AG has managed to increase its turnover despite lower interest in sending letters.
Post AG chief Georg Pölzl said yesterday (Thurs) that the firm’s turnover rose by 4.2 per cent from 2010 to 2011 to 2.3 billion Euros. He explained that his company registered significantly fewer posted letters and postcards while it benefited from soaring interest in online shopping. The former T-Mobile Germany manager said this development heaved Post AG’s parcel division to new heights. He added that increasing e-mail communication meant an annual decrease of letters of three to four per cent in Austria.
Pölzl revealed that Post AG staff would receive a bonus of 750 Euros per capita due to the solid performance of the firm in 2011 when earnings before interest and taxes (Ebit) jumped by more than seven per cent to 168.3 million Euros. The CEO of the Viennese enterprise emphasised that the procedure of reducing the workforce level would continue. Post AG had 800 fewer employees in 2011 than in 2010. The company controversially decided a few years ago to offer golden handshake agreements to older workers to get back in the black in the short term. Other important parts of its current strategy are less disputed.
Post AG generally abstains from hiring new employees when staff retire. The company also plans to continue looking for firms interested in becoming Post Partners. More than 1,200 companies are currently operating as Post Partners all over Austria. They offer basic postal services to customers to compensate for the closure of regular post offices. People can post letters and pick up parcels at grocery stores, petrol stations and call shops which have joined the widely acclaimed project.
The number of traditional post offices declined to around 600 in the past few years. The executive board of Post AG – in which the Republic of Austria holds a stake of 52.8 per cent stake through Industry-Holding Stock Corporation ÖIAG – created the Post Partner concept in an attempt to avoid protests against closures. Nevertheless, citizens across Austria launch petitions on a regular basis to rescue their local post office from being forced to shut down for good.
Post AG claims to save 40,000 Euros a year with each new Post Partner cooperation. The company recently presented a survey showing that nine in 10 Post Partner clients were satisfied with the private firms’ extra services. Another result of the poll is that eight out of 10 Post Partner customers would recommend using the stores’ postal services to family and friends. Especially the shops’ opening hours are appreciated by customers, according to the study. A large number of regular post offices situated in rural regions close around midday.
Post AG, which has around 22,000 employees, entered the Vienna Stock Exchange’s (WBAG) Prime Market in May 2006. One share was traded for 24.9 Euros at 11am today. The company recently decided that the price for services should depend more strongly on letters’ size instead of their weight. Post AG started charging 62 Eurocents for delivering letters of the most common size last May. The service previously cost 55 Eurocents.
» Business 2012-05-29
The number of winter season overnight stays by Austrians has reached a new record.
» General News 2012-05-24
A renowned traffic planner has stressed that shop owners are generally appreciating the introduction of pedestrian zones.
» Business 2012-05-24
Austria’s biggest airport has managed to increase its profit.
» Business 2012-05-17
International conferences are becoming increasingly important to the Austrian tourism industry.
» General News 2012-05-15
Finance Secretary Andreas Schieder has appealed on politicians and businesspeople to ensure that Europeans benefit from technologic developments.
» Business 2012-05-11
Telekom Austria (TA) is back in the black.
» Business 2012-05-11
Bank Austria (BA) has achieved a profit of almost 400 million Euros in the first quarter of 2012.
» Business 2012-05-11
Austria’s main discount petrol station network earned more in the first three months of this year thanks to the current developments on the energy products sector.
» General News 2012-05-02
The People’s Party (ÖVP) has suggested to lower the tax pressure on companies which share their profits with employees.
» Business 2012-05-01
Two of Austria’s leading construction companies had good and bad news for shareholders in the past few days.
Final chance to see Elisabeth musical in Vienna
It's the last chance for musical fans to catch the renowned Austrian musical about the story of 19th century Empress Sisi as it enters the final few months of performances in Vienna.
World Record Breaking Ski World Record Attempt
The Austrian capital already holds many records, often voted the city with the best quality of life in the world, or being the only capital city with vineyards in the city limits - but not many people know it's also the only capital city to offer a traditional mountain skiing experience in the city limits.
Finissage for Outsider in a Box by Dwora Fried
It’s hard to believe that Dwora Fried — a native Austrian with unruly, fiery red hair, a lesbian, world traveler, mother of four and daughter of a Holocaust survivor — is able to create artwork just as complicated, dynamic and vivacious as herself, all within a wooden box that’s only 31 centimeters wide, 21 centimeters high and 8 centimeters deep.
Semmering Zauberberg Opens This Weekend
The long awaited ski start at Vienna’s local ski resort Semmering Zauberberg kicks off this weekend when the pistes are opened for snow sports fans.
Meeting over oil production level held in Vienna
In a meeting behind closed doors in Austria this week, the Organisation of the Petroleum Exporting Countries (OPEC) decided to maintain their target for oil barrel production at 30 million a day.
Insurers encouraged to loan directly to big companies
Austrian insurers are being given access to additional revenue from early next year, when the country's markets watchdog will allow insurers to loan directly to big companies.
Bank Austria launches investigation into leaked data
Information published in the media about Bank Austria's history of speculative trading with public money has led the bank to launch an investigation into the leaking of customer data.
Austria sees biggest increase in property prices in Europe
Property in Austria has seen the highest rate of price growth in Europe since the Lehman brothers bank crashed, throwing the region and other countries housing markets into an economic downturn.
Acclaimed comedy show comes to Vienna
Vienna's English Theatre in the eighth district of the city is putting on two new shows in the new year, including one that may help to chase any post-Christmas blues away.
Iran nuclear meeting to be held in Vienna
Representatives from Iran, six mediators, and members of the International Atomic Energy Agency (IAEA) are meeting in Vienna in December to discuss an agreement made last month regarding Iranian uranium.
The most popular stories –
last 7 days
|Bank Austria Admits Former CEO Being Investigated Over Madoff Fraud|
|Finissage for Outsider in a Box by Dwora Fried|
|Austria sees biggest increase in property prices in Europe|
|Win daily prizes with Viennas travelling Santa|
|Unemployment rises by 10.8 per cent in comparison to November 2012|