Register
Login:
Share:
Email Facebook Twitter


EXCLUSIVE: David Lenigas answers investor questions in a detailed interview about UKOG, Doriemus, LGC Capital, AfriAg and Angus Energy.


Internet News


Poste Italiane warns that parcel strike hitting it hard

Wed, 4th Oct 2017 13:12


ROME, Oct 4 (Reuters) - The head of one of Poste Italiane's parcel units warned of a devastating impact from a month-long strike by workers at some contractors that are crippling deliveries.

The Italian post office sees parcel delivery as a key business segment to support growth and its SDA Express Courier unit is one of the companies delivering parcels in Italy on behalf of e-commerce giant Amazon.

"Losing suddenly 50 percent of our volumes in nearly a month is devastating," SDA CEO Paolo Rangoni told a parliamentary committee. "The strike is affecting SDA's restructuring ... and even Poste's reputation is suffering."

Rangoni said Milan was the city most affected.

Workers in Italy's business capital have gone on strike as they have lost their job at a firm that used to be an SDA contractor and would be re-hired by another company on worse terms.

In Britain, Royal Mail workers have voted to strike in a dispute over changes to the pension scheme, threatening delays to the Christmas post.

Poste Italiane has been hurt by the substitution of traditional mail with digital communications and is aiming to offset the fall in letters with growth in its parcel business.

State-controlled Poste has a target of bringing its combined mail and parcel division to break even by 2019 as a part of a turnaround launched in 2015 when it was partly privatised. (Reporting by Massimiliano Di Giorgio; Writing by Francesca Landini; Editing by Keith Weir)



(c) Copyright Thomson Reuters 2017. Click For Restrictions - http://about.reuters.com/fulllegal.asp




Back to Internet News


Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk




Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.