Poste Italiane Group-Poste Italiane -About Poste Italiane Group :
Poste Italiane Group Web site: http://www.poste.it/ (English)
Poste Italiane Group Profile:Separate postal and telecommunications has Italy Italy Post Group is an independent public economic entities. Poste Italiane Group's basic function is to provide postal services to the public. In June 1996, and 1997 June 42 offices and seven major banks according to the postal agreement began offering personal loans and mortgages. June 1997, there are 528 post offices to provide such financial services. Management agency is the Ministry of Posts and Telecommunications, which is responsible for the development, implementation and monitoring of the postal sector policy.
Poste Italiane Group - Post AreasUniversal Service: clearly defined limits and scope of the monopoly. Post main work are the following: acceptance, delivery weight 2 kg or less ordinary, insured and registered mail; provide telegraph, telex and public long-distance information transmission services; acceptance and delivery of less than 30 kg weight of the parcel; business exchange, transfer and COD business; for support under the agreement, payments; to store the collection bureau to collect the name and on behalf of its postal savings money.
Retained a monopoly business: acceptance and delivery of two kilograms or less ordinary, insured and registered mail; provide telegraph, telex and public distance messaging services. Monopoly of the postal authorities do not monitor implementation of the provisions.Competition: The competition in both domestic and international business limit is not specified.Up the development of postal services and charges• Business: Post and Telecommunications Ministry decided the scope of postal services.• charges: the Ministry of Posts and Telecommunications is responsible for the overall postal charges.According to the law, due to the development of economic and social causes of the journal tariffs below cost price, thus, can be the Italian postal subsidies.Financial ManagementFinancial management approach: the Italian postal to break even. To retain all the property of their postal terminal dues, postal subsidies can not be national. Financial situation: a loss in fiscal year 1996, the state has given compensation.Human ResourcesThe legal status of the postal staff: Italian postal employees do not belong to the state civil service. Personnel in the state total, the Italian Post has personnel autonomy.Employees engaged in the following areas of work; human resources management; equipment management; financial management; development, supervision and management plans; financial, administrative management; real estate business management and valuation. Determine the level of remuneration: wage levels and very similar to department employees.
Italian postal reform:Italian Government to improve the Italian postal losses 90 years, the situation of the poor quality of service, and to the requirements of the European Monetary Union, the appointment of a Wharton School MBA graduate and a former McKinsey consultant before Mr. Pase La (Corrado Passera) for the Italian Post president. Annual increase in three years the government € 500 million investment, and reduce the postal debt in Italy, 14,000 branch offices to achieve the electronics.
The establishment of postal policy issues to the Italian postal group is to provide security. The team members are postal employees, but their role is to engage in policy coordination. Italian postal board of directors has submitted to the Government plans to privatize the Post for three years. The plan sets out the Post in 1998 to a limited liability company into a complete measure. For 1998, net profit, to be carried out in the second half of 1997 financial reforms and make it possible listing on the stock market. Poste Italiane how it intends to put forward the restructuring of its agencies are responsible for postal services, networking and communications and financial subsidiaries of holding companies. The new subsidiary to provide value-added services: e-mail, insurance and investment agency.
During this period, the Italian postal service implemented a series of improvements, expansion, and gradually reduced losses of reform measures, such as a window can be handled in a number of business; support of the leadership in the union, while the smooth lower personnel costs, total revenues from 1998 91% down to 69% in 2001; management personnel employed outside the system; to invest heavily in information technology and modern sorting equipment; computer applications for personnel training. Arrive before the national average of 5 letters now in the 1-4 days to arrive, to the French, German level. For private courier companies compete for large customers in 1999, Priority Mail postage from € 2.07 down to 62 euro cents, and promised next day delivery rate of 80%. In addition, all other business of the charges have also been simplified. This bold move immediately attracted a large number of commercial businesses. Poste Italiane in competition with commercial banks gradually increased their weight, according to a recent survey, 12% of Italians in the six months to change the use of the bank, 42% of those surveyed are willing to consider the Italian postal service company . Since start-up life insurance from 1999, gradually expanding the traditional Italian postal savings business, there are 2 million people have Italian postal bank card or credit card settlement, Italian Post to become the third largest life insurance sales business.
Financial ManagementFinancial management approach: the Italian postal to break even. To retain all the property of their postal terminal dues, postal subsidies can not be national. Financial situation: a loss in fiscal year 1996, the state has given compensation.Human ResourcesThe legal status of the postal staff: Italian postal employees do not belong to the state civil service. Personnel in the state total, the Italian Post has personnel autonomy.Employees engaged in the following areas of work; human resources management; equipment management; financial management; development, supervision and management plans; financial, administrative management; real estate business management and valuation. Determine the level of remuneration: wage levels and very similar to department employees.
Poste Italiane future planning:Poste Italiane's Board of Directors announced the 2006 and 2008 postal development plan. Its development goals, including the next three years the total turnover of 10.38 billion euros, an increase of 3.5%; earnings before interest and tax (EBIT) increased 10%, reaching 1.2 billion euros; taxes, interest, depreciation, amortization income (EBITDA) rose 5 percent to 2.2 billion euros. In general, the Italian Post Office to develop financial services to subsidiary companies - Postal Bank (BancoPosta) the number of customers to become Italy's largest "bank." In addition, the increase in domestic parcel and express delivery services market share. General manager, said the Bank of Italy has asked the Italian postal service and postal bank accounts separate from other postal operations. He also noted that the Italian postal Italy 30.2 billion euros in the parcel market share of only 1.4%, while Deutsche Post and Dutch postal market share in the 18.2% and 12.2%
