Troubled TAT looks to cut jobs.
The French Post office’s B2B express is to streamline more sharply than it had initially planned.
Last autumn the company presented a programme of 479 job cuts, only to see it annulled by a commercial tribunal.
Amid a worsening economic climate, mounting losses and delays in introducing restructuring measures, the company says it is now necessary to axe 539 jobs out of a total workforce of 1,800 and close 14 depots.
But for each job to be lost or modified, the company is offering a choice of two positions elsewhere in the company of the La Poste group.
TAT’s 202 turnover was 186m Euros, generated from the delivery of 16.5m parcels. It’s loses to the end of September 2003 were estimated at 10m Euros.
· La Poste’s express and parcels arm, GeoPost, has announced the renewal of its operational agreement with FedEx by a further 10 years.
