Type
Internal restructuring
Country
Netherlands
Region
Location of affected unit(s)
Sector
Transportation / Storage
Warehousing And Support Activities For Transportation, Postal And Courier Activities
Postal And Courier Activities
53 - Postal and courier activities

700 - 800 jobs
Number of planned job losses
Job loss
Announcement Date
16 September 2004
Employment effect (start)
Foreseen end date

Description

Postal and logistics firm TPG (TP) said it will merge three units into one, cutting 700 to 800 jobs, to offset the effects of declining mail volume, a tariff freeze and the sluggish economy. The company said the move - to merge its sorting, distribution and transport units - won't have an impact on TPG's Mail margin outlook for the full year.


Sources

  • 16 September 2004: TPG Press release

Citation

Eurofound (2004), TPG Post, Internal restructuring in Netherlands, factsheet number 60576, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60576.