PIN Group to lay off over 6,000 workers (GER)
The bankrupt German postal services group PIN is to lose over half it’s workforce after the administrators were called in.
PIN, which collapsed trying competing against Germany’s Deutsche Post after the introduction of a minimum wage for postal workers, is to lose over half of its 11,500 staff. The administrators say that 1,800 jobs have been secured so far.
A recent decision by a German court overturned the German government’s decision to establish a minimum wage and competitors say that the minimum wage was merely aimed at squeezing out competition rather than enabling rivals to compete on equal terms. A VAT exemption for Deutsche Post has also been criticised by the European Parliament as unfair.
The German government has promised to overturn the decision of the court.
The bankrupt German postal services group PIN is to lose over half it’s workforce after the administrators were called in.
PIN, which collapsed trying competing against Germany’s Deutsche Post after the introduction of a minimum wage for postal workers, is to lose over half of its 11,500 staff. The administrators say that 1,800 jobs have been secured so far.
A recent decision by a German court overturned the German government’s decision to establish a minimum wage and competitors say that the minimum wage was merely aimed at squeezing out competition rather than enabling rivals to compete on equal terms. A VAT exemption for Deutsche Post has also been criticised by the European Parliament as unfair.
The German government has promised to overturn the decision of the court.
