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TNT promises there will be no UK redundancies
12th April 2007, Page 13
12th April 2007
Page 13
Page 13, 12th April 2007
— TNT promises there will be no UK redundancies
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TNT HAS MOVED quickly to reassure employees that it has no plans for redundancies in the UK after revealing heavy cutbacks in the Netherlands, TNT Post in The Hague said last week that competition and declining volumes in the Dutch postal market mean it is forced to cut up to 7,000 jobs and freeze wages in an effort to lower costs.
It says the measures will not affect operations in the UK.
TNT Post employs 58,000 people in the Netherlands and processes 16,000 postal items each day, but it is losing mail to competitors and as a result of the switch to online services, including banking and electronic tax-tiling.