UPS Says It Hasn’t Told EU It Will Divest TNT Benelux, Germany

Discussion in 'The Latest UPS Headlines' started by cheryl, Jun 4, 2012.

  1. cheryl

    cheryl I started this. Staff Member

    UPS Says It Hasn’t Told EU It Will Divest TNT Benelux, Germany - Bloomberg

    Dutch newspaper De Volkskrant reported, citing unidentified people, that UPS was considering shedding TNT’s German and Benelux express services to overcome possible EU objections to its takeover of the Dutch company. That could cost thousands of jobs in the Netherlands, Germany and Belgium, the paper said.

    “Such commitments have not been asked by the European Commission, nor were they offered by UPS or TNT,” the Atlanta- based company said in a statement yesterday, responding to a media report. “The Commission is expected to issue a decision in the third quarter of this year.”