TNT starting to scale back after collapse of UPS deal
The Dutch company is due to announce its new strategy on 25 March following the collapse of the UPS deal, which aimed to create a global delivery group with strong market positions across Asia, Europe, Latin America and the United States.
Interim chief executive Bernard Bot said: “There are many positive actions we can take to improve profitability.”
He was speaking as the firm narrowed its operating losses for the fourth quarter of 2012 to €71 million from €104m a year earlier. Revenues were largely unchanged at €1.9bn.