All TNT employees in the Netherlands will receive a 0.7% pay rise as of 1 January 2010. For the TNT Post entities (with the exception of TNT Post Parcel Service) a 1% rise has been agreed as of 1 January 2011 and 0.2% as of 1 October 2011. The social plan focuses on encouraging voluntary redundancy, with an additional financial incentive for employees aged 50 years and older. Arrangements for compulsory redundancy centre on the size of the severance payout on termination of employment. This is based on the old “subdistrict court formula” with an adjustment factor of 0.8 and a mediation period of up to 12 months. As the mediation period progresses the amount of severance pay will be gradually reduced using a set formula. A special arrangement will apply to employees aged between 55 and 58 years. Those born before 1 January 1952 may be declared supernumerary but will not be dismissed. TNT and the trade unions will also set up a joint working group to explore a future-proof pension scheme for TNT in the Netherlands.
In case of any discrepancy between this press release and the original Dutch version, the Dutch version will prevail.
TNT provides businesses and consumers worldwide with an extensive range of services for their mail and express delivery needs. Headquartered in the Netherlands, TNT offers efficient network infrastructures in Europe and Asia and continues to optimise the performance of its networks. TNT serves more than 200 countries and employs some 160,000 people. Over 2009, TNT reported €10.4 billion in revenues and an operating income of €648 million. TNT is publicly listed on the stock exchange of Amsterdam. TNT recognizes its social responsibility, and has formed partnerships with the United Nations World Food Programme and the United Nations Environment Programme to fight hunger and pollution in the world. Our efforts are being recognised: in 2010, TNT was again designated the “Supersector Leader” for “Industrial Goods and Services” (including the “Industrial Transportation” sector) in the Dow Jones Sustainability Index (DJSI), More information about TNT can be found on its website http://group.tnt.com.
PostNL is the inventive partner in the world of sending and receiving. We have been so for 200 years already. We are primarily active in the fields of mail, parcels and e-commerce, but we also offer services in the areas of data and document management, direct marketing and fulfilment. Outside the Netherlands, we are active in Germany, the United Kingdom, Italy, Belgium and Luxemburg. PostNL employs a total of more than 59,000 people. In 2013 our revenues reached € 4.3 billion.
We like to stay ahead of things. We are the most modern postal company in the world. We are proud of that. As the first listed postal company, we are an example to the rest of the world in automatic letter sorting. And our innovative parcels network is completely adapted to the wishes of web retailers.