TNT Post Reorganization Realistic
published: cw 25, 2007 in Mergers & acquisitionsA study by Boston Consulting Group confirms the necessity of the scope of the reorganization plans recently announced by TNT Post. The study was executed at the request of the trade unions and Operations Works Council at TNT Post.
Boston Consulting Group (BCG) published its report on the study it carried out at the request of the trade unions ABVAKABO FNV, BVPP, CNV Publieke Zaak, and VPP and the Operations Works Council at TNT Post. This second-opinion study investigates the benefits and necessity of the scope of the reorganisation plans recently announced by TNT Post.
The study confirms that the plans are necessary and realistic. BCG’s final conclusion is that the scope of the cost-savings initiatives announced by TNT is sound and necessary if the company is to achieve its targeted return on sales in the coming years.
BCG does not exclude the possibility that in the longer term it will not be possible for TNT to achieve this objective without additional measures if the drop in prices and increase in costs turn out to be greater than what TNT has assumed.
The BCG study was carried out over the past four weeks at the request of the trade unions and the Operations Works Council at TNT Post, with the full cooperation of TNT Post. The unions and the Works Council requested an independent study so as to get a better understanding of the analyses underlying the cost-savings initiatives announced by TNT Post. The parties involved view the results of the BCG study as key input for the ongoing negotiations.
Source: TNT
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