Restructuring Program Starts at DHL

The head office of DHL, the express and logistics subsidiary of German postal service operator Deutsche Post, is reported to have been transferred from the Bermudas to Germany. This forms part of an extensive restructuring programme that has been commenced by Klaus Zumwinkel, the head of Deutsche Post. The reason for the restructuring plan is reported to be that an increasing number of problems have been experienced with the integration of DHL, which was taken over in 2003. Other parts of the company, which has sites around the world, are also to be transferred to Germany over the next few months.