TNT takes note of liberalisation Dutch postal market
The government has consistently set two conditions for the liberalisation of the Dutch postal market, i.e., sound arrangements for the employment conditions in the postal sector and a level playing field in the European postal market.
The first of these conditions appears to have been met with a minimum standard for the terms and conditions of employment set by General Administrative Order. The provisions of the collective labour agreement for the sector will have to be tested against the criteria of the General Administrative Order.
"TNT is prepared for full liberalisation and has included the impact in the volume prognoses given at the recent publication of the annual results 2008", according to Peter Bakker CEO of TNT. "In most other countries national postal operators are allowed more room to operate. However, the Cabinet does not longer want to maintain the condition of a European level playing field. This is difficult to understand in the worst economic crisis of the last fifty years."
TNT awaits the discussion of the General Administrative Order in the Upper House of the Dutch Parliament and expects to be invited for future discussions about the sector CLA.
In the event of any conflict or discrepancy between this press release and the original Dutch version of this press release, the Dutch version prevails
About TNT Express GmbH
TNT provides businesses and consumers worldwide with an extensive range of services for their mail and express delivery needs. Headquartered in the Netherlands, TNT offers efficient network infrastructures in Europe and Asia and is expanding operations worldwide to maximise its network performance. TNT serves more than 200 countries and employs more than 163,000 people. Over 2008, TNT reported €11.1 billion in revenues and an operating income of €982 million. TNT is officially quoted on the Amsterdam Stock Exchange. TNT recognises its social responsibility and has formed partnerships with the United Nations World Food Programme and the United Nations Environment Programme to fight hunger and pollution in the world. Our efforts are being recognised; in 2008 TNT again reached the highest score of all companies included in the Dow Jones Sustainability Index and in the Carbon Disclosure Project in the carbon intensive sector. More information about TNT can be found on its website http://group.tnt.com .