Israel Postal Company
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| Public | |
| Industry | Postal Services, courier, banking |
| Founded | Ministry of Transport, Postal, Telegraph and Radio (1948-1987) Israel Postal Authority (1987-2006) Israel Post (2006-present) |
| Headquarters | Central Post Office Building, Jaffa Road 217, Jerusalem, Israel |
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Area served
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Israel |
| Products | Letter post, parcel service, EMS, delivery, freight forwarding, third-party logistics, deposit accounts |
| Revenue | ₪1,750,000,000 |
| Owner |
Government of Israel (80%) Other (20%) |
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Number of employees
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5,000 |
| Subsidiaries | Bank Hado'ar (Post Bank) |
| Website | www |
Coordinates: 31°47′18″N 35°12′4″E / 31.78833°N 35.20111°E
Israel Postal Company (Hebrew: דואר ישראל, translit. Do'ar Yisra'el), known as Israel Post, and formerly the Israel Postal Authority, is a government-owned corporation that handles postal services in Israel.
The Israel Postal Company has 5,000 employees, among them 1,650 mail delivery staff and 2,000 postal clerks manning 700 post office branches around the country. It has a network of 4,262 mail boxes and 1,000 mail trucks. Some 2.5 million postal items are sorted every day.
The Israel Postal Company has its roots in the postal system from the British Mandate period (1920-1948). In 1948, after the establishment of the State of Israel, the Ministry of Transportation was placed in charge of postal services. In 1951, the Ministry of Postal Services was established, which later became the Ministry of Communications. In keeping with the British model, the service included delivery of letters, parcels, and telegrams, as well as telephone services. The Israeli Postal Bank opened in 1951.
In 1986, the Israel Postal Authority was created. In 2002, in the wake of operating losses, political scandals and new developments in the sphere of communications, it was decided that major reforms were needed. A new government company, the Israel Postal Company Ltd., was founded and went into operation in March 2006. Postal services in Israel have historically operated at a loss. In 2002, the operating deficit was NIS 150 million; in 2003, it was NIS 200 million. Since 2007, the financial situation has improved, and the company is now making a small profit. In October 2014 the Postal Company announced they would be laying off 1,200 employees and dropping mail delivery to 2 days per week. Additionally several branches will close, while those branches which remained we see extended hours with reduced wait time. In March 2015 they added the ability to make appointments online or via an app, in another effort to reduce wait time.
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Wikipedia