Mail delivery company PIN Group, majority owned by German publisher Axel Springer, plans to cut more than a 1,000 jobs in Germany due to a planned minimum wage law for postal delivery workers.
The company, which is based in Luxembourg and Germany, will sound out options for its future with the help of a consulting firm, it said in a statement on Tuesday.
Escher powers the world’s first and last mile deliveries, helping Posts connect nearly 1 billion consumers with global ecommerce networks. Postal operators rely on Escher to deliver an enhanced retail and digital customer experience, to activate new revenue streams, and to realize new delivery economics. […]
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