TNT Express is to restructure its finance and admin functions in a move that will see it cut 237 data entry, administrative, supervisory and clerical roles. The operator said it had already commenced consultations with trade unions and was “working closely with staff, and their representatives, to support those employees most affected by the changes, including considering redeployment options where appropriate”. Alistair Cochrane, MD of TNT Express UK & Ireland (pictured), said: “It is with deep regret we have to […]
UPS and TNT Express have submitted remedies to the European Commission to address its competition concerns, extending the review period further. The submission extends the EC’s review period by 15 business days to 5 February 2013. The proposed remedies involve the sale of the business activities and its assets. UPS needs to ensure the long-term viability of these activities and the continuity of service already provided by TNT Express. In order to receive approval, the EC will market-test the remedies. […]
UPS has appealed against the European Commission’s (EC) decision to prohibit its acquisition of TNT Express, on the basis the decision was “factually and legally erroneous”.