TNT Express cuts jobs after takeover blocked

euronews (in English)
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Dutch delivery firm TNT Express is to cut 4,000 jobs - six percent of its work-force - and focus on Europe after a failed takeover bid by United Parcel Service.

The layoffs are aimed at saving 220 million euros by 2015, and will mean a 150 million euro restructuring charge.

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http://www.euronews.net/

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