TPG to cut 700-800 additional jobs in restructuring of Mail ops
TPG NV will cut 700-800 jobs at its Mail division, as the company announced a reorganisation of the Mail operational units in the Netherlands.
The three business units Sorting, Distribution and Transport will be merged into one single unit called Operations, TPG said. The changes will take place at head office level as well as in the network throughout the country.
The job cuts involve support staff and line managers, to be realised before 2008.
TPG said the plans will not affect the outlook for a 21.5 pct full-year operating margin at Mail, and will support the overall target for 200-300 mln eur in cost savings within 3-5 years as a result of its TPG-1 efficiency programme.
TPG Post will introduce specific measures to enhance staff attrition and to avoid forced redundancies. However, TPG board member responsible for Mail Harry Koorstra said: ‘Due to the still not very buoyant state of the Dutch economy, natural attrition is at a relatively low level and may in the end not cover all of the planned staff reductions in TPG Post.’
