Dutch TNT considers new cost-saving programme
Dutch mail and logistics group, TNT NV, is condidering a new cost-saving programme, company CEO Peter Bakker told the annual shareholders meeting on April 20, 2006.
TNT (www.tnt.com) has been restructuring its 2001 Masterplan Costs Flexibility programme since 2003, which has led to cost-savings of about 234 mln euro ($288.3 mln).
Though the company’s total cost savings are estimated to stand at 370 mln euro ($455.8 mln) by 2013, TNT aims to implement a new programme that will further its savings.
(Editor’s note: Due to decreasing postal volumes on the Dutch market, TNT’s cost-cutting programme will cut between 1,000 and 1,100 jobs at the sorting centres of its TPG Post unit in the next two years. The Dutch postal’s volume of over five billion items per year is decreasing due to the substitution of conventional post by e-mail and the Internet. What’s more, strong competition on the domestic postal market has put a dent in TNT’s growth, the Dutch News Digest said on April 10, 2006.)
Further details were not available.
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