Deutsche Post may pay further three-digit mln dollar sum in U.S. revamp
Deutsche Post AG. may pay an additional three-digit million dollar sum in the announced restructuring of the company’s U.S. DHL business, Financial Times Deutschland reported, citing company sources.
The amount comes on top of the previously announced costs of USD 2 billion for the turnaround programme at the struggling unit, it added.
In May, the company said the loss-making U.S. operations of its DHL express unit will tie up in domestic and international airfreight shipments with United Parcel Service Inc. and will launch a cost-cutting programme.
The plans also involve the closure of a logistics hub at Wilmington, Ohio, while threatening up to 8,000 jobs at airline ABX.
Last week, Deutsche Post Chief Executive Frank Appel defended planned job cuts at the company’s U.S. DHL business, insisting in response to criticism voiced by U.S. politicians that the reductions are needed to turn the division around.
Deutsche Post AG. may pay an additional three-digit million dollar sum in the announced restructuring of the company’s U.S. DHL business, Financial Times Deutschland reported, citing company sources.
The amount comes on top of the previously announced costs of USD 2 billion for the turnaround programme at the struggling unit, it added.
In May, the company said the loss-making U.S. operations of its DHL express unit will tie up in domestic and international airfreight shipments with United Parcel Service Inc. and will launch a cost-cutting programme.
The plans also involve the closure of a logistics hub at Wilmington, Ohio, while threatening up to 8,000 jobs at airline ABX.
Last week, Deutsche Post Chief Executive Frank Appel defended planned job cuts at the company’s U.S. DHL business, insisting in response to criticism voiced by U.S. politicians that the reductions are needed to turn the division around.
