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MarketScreener Homepage  >  Equities  >  Euronext Amsterdam  >  PostNL    PNL   NL0009739416

POSTNL

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PostNL : reaches final collective labour agreement

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03/04/2019 | 10:45am EDT

Duration and salary increases

The new CLAs for PostNL and Saturday deliverers will retroactively apply from 1 January 2019 up to and including 31 March 2020. The salary increase of in total 3% will be implemented in three steps. In addition, all employees covered by this CLA working full-time will be paid a one-time compensation of €100 net in January 2020. In the PostNL CLA, agreements were also made on pension accrual and sustainable employability.

Consultations

The CLA-consultation started in November 2018 with trade unions BVPP, CNV, FNV and VHP2. On 17 January 2019 PostNL and trade unions BVPP, CNV and VHP2 reached an agreement on principle on a new CLA for PostNL and CLA for Saturday deliverers. These three unions have positively presented the agreements to their members. FNV has also submitted the proposals to their members, but negatively. The three trade unions that have agreed, represent sufficient employees to conclude new CLA's.

Employment

PostNL aims to create new jobs for more people. It has therefore been agreed that 500 extra parcel delivery staff will be hired in 2019, in order to facilitate the growth in Parcels and reduce the workload for employees. In addition, PostNL will offer permanent contracts to 200 parcel deliverers with temporary positions. At least 30 positions will be created at PostNL's international sorting centre. These positions are still being filled on a flexible basis.

PostNL CLA's

With over 37,500 employees, PostNL is one of the largest employers in the Netherlands. The PostNL CLA applies to approximately 17,000 PostNL employees. The CLA for Saturday deliverers applies to approximately 500 employees in total. Postal deliverers have a separate CLA, which applies up until 30 September 2019.

Published on the 4th of March 2019 15.20 hours

Disclaimer

PostNL NV published this content on 04 March 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 04 March 2019 14:44:04 UTC

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Financials (€)
Sales 2019 3 117 M
EBIT 2019 229 M
Net income 2019 150 M
Debt 2019 149 M
Yield 2019 11,0%
P/E ratio 2019 6,99
P/E ratio 2020 6,42
EV / Sales 2019 0,38x
EV / Sales 2020 0,34x
Capitalization 1 050 M
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Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 3,37 €
Spread / Average Target 51%
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Managers
NameTitle
Hendrica W. P. M. A. Verhagen Chief Executive Officer
Jan J. Nooitgedagt Chairman-Supervisory Director
Pim Berendsen Chief Financial Officer
Jacques Wallage Vice Chairman
Thessa Menssen Member-Supervisory Board
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