1,000 jobs to go at sorting offices
10 April 2006, AMSTERDAM — Mail and Logistics firm TNT announced on Monday it is to cut 1,000 to 1,100 jobs at the postal sorting offices run by the Dutch mail service TPG Post over the next two years.
10 April 2006
AMSTERDAM — Mail and Logistics firm TNT announced on Monday it is to cut 1,000 to 1,100 jobs at the postal sorting offices run by the Dutch mail service TPG Post over the next two years.
The cuts amount to a third of the staff at its Dutch postal unit. TNT said it hoped a social plan and natural turnover of staff would allow it to limit the number of redundancies to 250. But the company warned it could not rule out compulsory redundanices.
TNT told news agency ANP it expected to save EUR 15-20 million as a result of the restructuring.
This is the latest episode in a five-year restructuring plan aimed at saving EUR 370 million in annual costs by 2012. To date, 9,000 jobs have been cut at TPG, delivering annual savings to the tune of EUR 234 million.
TPG's workers were notified officially of the latest cuts by letter on Monday. The company said the restructuring is necessary in the face of declining postal volumes as a result of competition from email and other new media. An estimated 5 billion pieces of mail were delivered in the Netherlands last year.
[Copyright Expatica + ANP 2006]
Subject: Dutch news