TNT to Cut Mail Jobs, Freeze Pay as Competition Rises April 3 (Bloomberg) -- TNT NV, Europe's second-biggest express-delivery service, will freeze wages and cut as many as 7,000 jobs in the Netherlands, or 12 percent of its postal workforce, to reach savings targets amid growing competition. TNT will encourage employees to quit voluntarily and cap wages through 2009 to achieve a 300 million-euro ($401 million) cost-reduction goal announced in December, Hoofddorp, Netherlands-based TNT said in a statement today.
April 3 (Bloomberg) -- TNT NV, Europe's second-biggest express-delivery service, will freeze wages and cut as many as 7,000 jobs in the Netherlands, or 12 percent of its postal workforce, to reach savings targets amid growing competition.
TNT will encourage employees to quit voluntarily and cap wages through 2009 to achieve a 300 million-euro ($401 million) cost-reduction goal announced in December, Hoofddorp, Netherlands-based TNT said in a statement today.
Ok, declining letter volumes must be a problem to all postal services. Traditional experience since 1752 is of little help. Are European postal services gonna be more troublesome the US Postal? Will the free market save the post, or burry it more "effectively"?
