Deutsche Post DHL to axe 520 jobs
Deutsche Post DHL is to cut up to 520 jobs, primarily at its DHL Express unit, it said on 16 June.
Deutsche Post DHL is to cut up to 520 jobs, primarily at its DHL Express unit, it said on 16 June.
A company spokesman said about 430 of the jobs to go would be in Belgium, though about 130 staff would be offered a switch to the company’s site in Leipzig, Germany. The move is to be completed by the second quarter of 2010.
The company’s headquarters in Bonn, Germany, will see 80-90 jobs go by October, the spokesman added.
Deutsche Post said in May it wanted to speed up its cost-cutting programme, aiming for savings of $1.39bn by 2010.
The group employs more than 500,000 staff in all.
The company posted a 42% drop in first-quarter underlying earnings before interest and tax as sluggish consumer spending hurt shippers around the world.
