TNT Post asks employees to pay pension contributions for the first time

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NETHERLANDS - Listed postal company TNT Post plans to ask staff to pay pension contributions for the first time as part of a cost cutting measure meant to avoid significant layoffs.

Spokesperson Ernst Moeksis told GP the proposal would see employees start to pay a pension premium of 2% from the beginning of 2010. This would be increased to 4% in 2011, and up to 6% in 2012. ...

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