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TNT Express, unions reach wage agreement

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TNT Express, unions reach wage agreement

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http://www.marketwatch.com/story/tnt-ex ... 2011-06-24" onclick="window.open(this.href);return false;

AMSTERDAM -(MarketWatch)- Parcel delivery firm TNT Express NV (TNT.AE) and its labor unions have agreed on a new collective wage deal, the unions said Friday.

The agreement includes a 1% salary rise for employees, effective Oct. 1, and another 0.8% rise effective April 1, 2012.

Staff will also be entitled to bonus payments of up to 3%, dependent the company's results, the unions said in a statement.
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