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Press Release

TNT Post calls trade unions to labour negotiation follow-up

16 April 2008, 14:25 CET - Amsterdam, Today, at 12 o’clock, the ultimatum the trade unions had issued to TNT Post on 8 April, to reach an adjusted collective labour agreement with, amongst others, a structural salary increase, expired.

TNT Post has offered a structural salary increase of 3%, comprising a 1.5% salary increase backdated to 1 April 2008, and a further 1.5% on 1 January 2009. The latter is conditional on the elaboration and implementation of a plan, put forward by a joint working group with representatives from the trade unions and TNT Post, to make fundamental changes to the conditions of employment.

The trade unions are demanding a one-year collective labour agreement for all of TNT in the Netherlands, with a salary increase of 3.5% backdated to 1 April 2008. Only once this has been accepted will they be willing to discuss bringing the employment package more into line with the market.

At its core the issue is not the salary levels but rather gaining clarity on a future collective labour agreement that is in line with the market. This collective labour agreement must put TNT Post in a position to compete whilst maintaining both volume and jobs for its employees as much as possible. The trade unions recognise this but say they need more time to discuss this with their members. Allowing costs to rise without having reached clear agreement with the trade unions on future market-level conditions of employment is not an option.

During the meeting at the Beatrixhal building in Utrecht this evening, the trade unions will consult their members. TNT Post is calling on the trade unions to continue discussions.

In the event of any conflict or discrepancy between this press release and the original Dutch version of this press release, the Dutch version prevails.

About TNT
TNT provides businesses and consumers worldwide with an extensive range of services for their mail and express delivery needs. Headquartered in Amsterdam, TNT offers efficient network infrastructures in Europe and Asia and is expanding operations worldwide to maximize its network performance. TNT serves more than 200 countries and employs more than 161,500 people. Over 2007, TNT reported EUR 11 billion in revenues and an operating income of EUR 1,192 million. TNT is listed on the Amsterdam stock exchange. The company recognizes its social responsibility, and has formed partnerships with the United Nations World Food Programme and the United Nations Environmental Programme to fight hunger and pollution.



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Publication date: 16 April 2008 CET: 14:25

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