TNT to layoff 3,000 mail staff in Netherlands

TNT Post is to make 2,800 staff redundant in the Netherlands after reaching an agreement with Dutch unions to cut the number of compulsory redundancies by 1,700. The company said it planned to cut thousands of jobs in mail as a result of declining mail volumes from increased electronic communications and domestic competition. TNT originally […]


TNT Post is to make 2,800 staff redundant in the Netherlands after reaching an agreement with Dutch unions to cut the number of compulsory redundancies by 1,700. The company said it planned to cut thousands of jobs in mail as a result of declining mail volumes from increased electronic communications and domestic competition. TNT originally said forced job cuts would total 4,500, but have agreed to reduce this number by retaining 1,700 jobs in the Auto Unit and elsewhere in the company. Globally, TNT is separating its express and mail divisions, a move that was due to be completed on 1 January. TNT said the main reasons for separation were the increasingly divergent strategic profiles of the two units and the limited synergies between them. But it would maintain a financial stake of 29.9 per cent in the express business, which would be returned to shareholders as soon as possible. “Mail is faced with a continuously declining mail market in the Netherlands and has to focus on sustaining solid cash flows and operational efficiency,” TNT said. “Express’priorities are to grow its existing strong European networks, to continue to grow the intercontinental business from and to Europe into adjacent markets and to secure contributions from its existing strong positions in China, South America and India. “Separation will enable greater internal focus on each business, with single-business investment discipline and capital allocation and leaner, more flexible organisations. “Externally, separation will provide more transparency and two distinct shareholding opportunities, with a clear choice of investment between a value and growth stock. Separation will also facilitate participation in sector consolidation and merger and acquisition.” The company’s express business employs around 160,000 workers and serves over 200 countries.