Monday, 10 June 2013

TNT Express to cut over a quarter of its Italian workforce

TNT Express plans to cut approximately 850 jobs from its workforce in Italy, it was announced this afternoon. The courier company currently has approximately 3000 employees in its Italian Business Unit, and is preparing to reduce this number by over 28%, to around 2150. 

The plans are a response to what TNT has termed the "harsh economic environment" in Italy and are in line with the company's overall strategy - redefined after the failed merger with UPS -  which entails the loss of 4,000 jobs across the company by 2015.

TNT has insisted that this move does not represent any intention to reduce services in Italy but is intended to secure the company's long-term market-leading position in the country. The job losses will affect 20 facilities across Italy, but TNT has stated that service levels across the whole Italian network will be maintained. 

Source: TNT

No comments: