Netherlands: 15% wage cut for postmen

group TNT Post (former TGP Post, national company) have to accept a 15% wage cut in preparation for the liberalization of the postal market. An agreement in principle – which must still be signed by union members – was reached on March 9. (Ref. 090271)

This agreement
provides for a gradual wage cut within three years. This period will be longer
for older employees. People over 50 will receive compensation until the age of
65 – retirement age. The agreement also provides for training, and...