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TNT Express to cut 4,000 jobs in 3 years to boost profit
March 25, 2013 / 7:21 AM / 5 years ago

TNT Express to cut 4,000 jobs in 3 years to boost profit

AMSTERDAM, March 25 (Reuters) - Dutch delivery group TNT Express, which was the target of a failed $7 billion takeover by United Parcel Service, said on Monday it will cut 4,000 jobs over the next three years.

The cuts, which represent roughly 6 percent of the workforce, are aimed at creating cost efficiencies of 220 million euros by 2015, it said.

The company will take a restructuring charge of 150 million euros by 2015 as part of the plan.

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