TNT and trade unions agree to extend present TNT collective labour agreement

TNT and the trade unions ABVAKABO FNV, BVPP, CNV Publieke Zaak and VPP have reached an agreement on extending the present TNT Collective Labour Agreement to 1 April 2008. Employees will receive a one-off gross payment in December 2007 and March 2008 of 400 Euros and 125 Euros respectively. The parties have agreed to this extension to allow them more time to develop proposals that can achieve the previously announced structural savings for TNT Post. The results of these proposals will subsequently be included in the TNT Collective Labour Agreement from 1 April 2008.

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 of TNT Post. For TNT this agreement is an important step forwards towards conditions of employment for its employees which are more in line with the market.