Deutsche Post to close 1,000 branch offices by end-2005

Deutsche Post World Net AG is planning to close around 1,000 branch offices by the end of 2005, a spokesman for the company said.

‘After closing 600 branch offices this year, we will have a total of about 12,400 (branches). By next year, we will reach 12,000,’ he said.

The company said the goal of reorganising its network of branch offices — by closing offices in areas of very low demand — is to harmonize regulatory guidelines, customer demand and cost effectiveness.