Dutch freight and delivery firm TNT Express said on Monday it would cut 181 of the 800 jobs at its headquarters, following disappointing result in the second quarter and split from mail group PostNL. Last month, TNT Express reported quarterly results for the first time since its separation from PostNL in May, announcing an 8 percent drop in adjusted earnings before interest and tax (EBIT).
A TNT Express spokesman told ANP that the job cuts followed a review of operations in the wake of the split and second-quarter results. Overlapping jobs will be cut. The job cuts represent just 0.2 percent of the total headcount of 83,235 employees but nearly a quarter of the 800 jobs at its headquarters. Shares in TNT Express were down 3.1 percent at 6.34 euros by 1120 GMT, compared with a 3.5 percent fall in the STOXX Europe 600 Industrial and Goods and Services index.
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