Troubled TAT Express France looks to cut jobs
The French post office’s B2B express parcels unit, TAT Express, is to streamline more sharply than it had initially planned.
Last autumn the company presented a programme of 479 job cuts, only to see it annulled by a commercial tribunal.
Amid a worsening economic climate, mounting losses and delays in introducing restructuring measures, the company says it is now necessary to axe 539 jobs out of a total workforce of 1,800 and close 14 depots.
But for each job to be lost or modified, the company is offering a choice of two positions elsewhere in the company or the La Poste group.
TAT’s 2002 turnover was EUR186m, generated from the delivery of 16.5m parcels. Its losses to the end of September 2003 were estimated at EUR10m.
