TNT Unions Need More Time For Job Cut Alternatives

[TrueBlueTerrier]

http://online.wsj.com/article/BT-CO-200 ... 03749.html" onclick="window.open(this.href);return false;

AMSTERDAM (Dow Jones)--Dutch postal and express group TNT NV unions said Thursday they need more time to come up with alternatives to TNT's plan to cut 11,000 jobs at its postal unit by the end of 2012.

The unions said they are currently conducting two studies, but they have been delayed because TNT wouldn't fully participate and due to the summer vacation period.

TNT confirmed it isn't participating in one of the studies, but said it disagreed that it wasn't cooperating with the second study.

The unions now expect to present the outcome in October.

TNT is cutting jobs at its postal unit as it needs to realize cost savings to cope with the liberalization of the Dutch postal market.

[jim1911]

TNT should try delivering the bulk mail they collect to the rural communities, oops sorry not worth it ay.