Deutsche Post's Appel sees service division saving 400-500 mln eur by 2009
Deutsche Post AG’s new service division will bring about savings of around 100 mln eur this year and 400-500 mln eur per year by 2009, management board member Frank Appel told Frankfurter Allgemeine Zeitung.
‘By 2009 this division will cut the company’s costs by 400-500 mln eur annually,’ Appel said.
Meanwhile, ver.di secretary Wolfgang Abel told daily Hamburger Abendblatt that the trade union expects Deutsche Post’s planned consolidation of its parcel and mail operations will result in 800-1,000 job cuts.
He added that the cuts will mostly effect administrative and executive positions.
Deutsche Post did not confirm the trade union’s figures, however a spokesman said that there will be job cuts, the newspaper reported.
