PIN, TNT Germany create employers' association to fend off German postal minimum wages

PIN Group AG and TNT NV’s TNT Post Germany have founded a new employers’ association to scupper a minimum wage of 9-10 eur sought by rival Deutsche Post World Net AG, PIN’s chief executive Guenter Thiel told Focus magazine.
He said the existing employers’ association headed by former Deutsche Post management board member Wolfhard Bender does not represent the whole industry’s interest, but only those of Deutsche Post.

‘I’m pro minimum wages, but (I’m) contra a dictate by monopoly company Deutsche Post,’ TNT Post Germany’s chief executive Mario Frusch told Focus magazine.

The two companies also plan to include publishing houses in the new association, whose distribution networks Deutsche Post’s competitors could use in the future.

Luxembourg-based PIN Group is 71.6 pct-owned by Axel Springer.