Pkgrunner
Till I Collapse
UPS and a private equity group in talks to buy and break up TNT?
http://www.reuters.com/article/marketsNews/idINL951382820080729?rpc=44
http://www.reuters.com/article/marketsNews/idINL951382820080729?rpc=44
UPS and a private equity group in talks to buy and break up TNT?
http://www.reuters.com/article/marketsNews/idINL951382820080729?rpc=44
perhaps thats why talks with FEDEX failed.UPS would sell off the mail market and go for the rest of it. I thought I read somewhere that UPS was a majority shareholder in TNT, like 55%.
Hi all,
I have worked for UPS in the UK for over ten years. A few years ago UPS took over a company called Lynx.
If this is true and UPS do take over TNT, I for one will not be looking forward to it.
After nearly 3 year of chaos since the take over, we have drivers from Lynx being shafted and still being refused a UPS contract, we have UPS handing routes over to sub contractors full time (because its so called cheaper) , and we have UPS employees who have been loyal for many years being made redundant.
If this takeover does come about I am dreading it.
Hi all,
I have worked for UPS in the UK for over ten years. A few years ago UPS took over a company called Lynx.
If this is true and UPS do take over TNT, I for one will not be looking forward to it.
After nearly 3 year of chaos since the take over, we have drivers from Lynx being shafted and still being refused a UPS contract, we have UPS handing routes over to sub contractors full time (because its so called cheaper) , and we have UPS employees who have been loyal for many years being made redundant.
If this takeover does come about I am dreading it.
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Its about time. I think ups has been planning this for years, but just waiting for the right moment. Hopefully this will help out the domestic volume.