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February 14, 2012
Post office considers cutting 2,000 staff
Published: 24 Feb 10 09:32 CET | Double click on a word to get a translation
Online: http://www.thelocal.se/25176/20100224/
Around 2,000 staff could leave the post service in Sweden and Denmark in a new programme of savings, Posten Norden's CEO has confirmed. The firm reported losses of almost 700 million kronor for the final quarter 2009.
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The firm on Wednesday announced a new austerity programme "to meet the uncertain market situation and other factors that affect our operations."
"It will mean fewer employees. And it is too early to say anything about that. But we cut almost 4,000 during 2009, across the two countries. It will not be as many during 2010, but perhaps we can say 2,000," the firm's CEO, Lars G Nordström told the TT news agency on Wednesday.
Some of the redundancies will be accounted for by attrition and by shifting full-time staff to part-time.
"In certain places compensation packages will be offered to encourage staff to go," Nordström confirmed.
Nordström assured customers that service levels will remain the same and that the redundancies are a reaction to declining volumes.
The firm reported a turnover of 11.6 billion kronor, down from 12.1 billion kronor the year before.
The full year result was boosted by capital gains of 2 billion kronor from the sale of a stake in the Belgian post office. Profits before tax amounted to 2.4 billion kronor, in comparison to 3.6 billion for the full year 2008.
The board proposed a dividend, to the Swedish and Danish states, of 1.44 billion kronor.
Posten Norden was formed last year following the fusion of Swedish Posten and Danish Post Danmark. The comparative figures for 2008 are adjusted accordingly.
The firm has accounted for around 1 billion kronor in restructuring costs for the savings programme in its figures for the fourth quarter. The money is earmarked to fund restructuring, rationalization and modernization within all of the firm's business areas and service networks.
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PBT was 2.4 BSEK and proposed dividend is 1.44, how does that make a net loss and how can the dividend be 60% if there is a loss ... accounting gimmick ?
But of course ,everyone believes a socialist system is all about equality..there is no equality here rather a sysyem where the average and poor pay up to the hiher echelon classes in a sysyem of inequality
High time the zombies(average people) wake up and start asking the necessary questions needed for thier very own survival
UK - price. It is ridiculous that it costs more to send a package across Sweden than to have the same one delivered from the UK.
UK - 10.00am delivery and one on Saturday
Sweden - Post Office opening hours
Sweden - Post does not need to be delivered to the door (hallway in apartment blocks, post box facing road in villas, and local post office in rural areas).
Sweden - queuing system
Glad to have got that off my chest.
But I'm just guessing here, I'm not familiar with their financial history.
Might also have something to do with competition: DHL and other private shipping companies usually deliver faster, cheaper and safer - you can track your package (course you can do that with normal post, just pay extra for "Rekommenderat", but then it is a matter of the already expensive turning ridiculously expensive).