TNT and trade unions consider extending present Collective Labour Agreement to 1 April 2008

TNT and trade unions ABVAKABO FNV, BVPP, CNV Publieke Zaak and VPP are considering extending the term of the present TNT Collective Labour Agreement to 1 April 2008. Employees who fall under the present Collective Labour Agreement will receive a one-off gross payment of, in total, EUR 525, comprised of a one-off gross payment of EUR 400 in December this year and a one-off gross payment of EUR 125 in March 2008 for the employees in service at that time.

The background of this possible extension is to in addition to the proposals submitted previously by TNT and those submitted by the trade unions, create more time to jointly develop alternatives that could achieve the required, earlier announced, structural savings. The need for these structural savings was verified in June this year by the Boston Consulting Group in its study commissioned by the unions and the works council Productie. The objective is to – before the end of this year – reach an agreement in principle on the new Collective Labour Agreement that would come into effect from 1 April 2008.

The negotiating partners have agreed to set up a working group to develop proposals on how to chart and address the work pressure encountered by employees.

In the event of any conflict or discrepancy between this press release and the original Dutch version of this press release the Dutch version prevails.

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