The minimum wage to be brought into the postal industry, which was approved by Germany’s upper house in December, will cost PIN Group up to 45 mln eur in 2008, chief executive Horst Piepenburg told Die Zeit.
‘As a result of the minimum wage, costs of the PIN Group in 2008 will rise by 35-45 mln eur,’ he said.
Most of the costs are expected to be covered by a form of state reimbursement, he said.
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