PIN and TNT Post say 50,000 jobs at stake if minimum wages applied

PIN AG and TNT NV’s TNT Post convinced Germany’s Economy Ministry that 50,000 jobs are at stake, if the minimum wage agreement concluded by former monopolist Deutsche Post World Net AG and union ver.di is applied to the whole postal industry, Der Spiegel reported, citing ministry documents.

‘The entrepreneurs plausibly demonstrated that they would have to file for bankruptcy at minimum wages between 8 and 9.80 eur,’ the magazine quoted the minutes of a meeting between Deutsche Post’s competitors and the Economy Ministry held last Wednesday.

A representative of TNT Post said the Netherlands-based logistics company will consider withdrawing from Germany all together if Deutsche Post’s minimum wages are extended to the whole industry, Der Spiegel also reported, citing sources who attended the meeting.