Deutsche Post AG has vehemently rejected rumours that its supervisory board may have decided in favour of the closure of around 1,000 branches and extensive job cuts, although the rumours had boosted the company’s share price by 7.26 per cent.
Read MoreAccording to Ver.di, the German services sector union, Deutsche Post AG, the German postal service operator, is planning to slim down its night air mail network and transfer part of the mail to overland transport. According to the union, the company is prepared to accept that some deliveries may be slower, as the changes form part of a series of measures aimed at saving a nine-figure sum.
Read MoreThe EU Commission approved Deutsche Post World Net’s purchase of Lufthansa Cargo’s shares of DHL International, and thus an increase in ownership to over 75%. Deutsche Post World Net plans to complete full acquisition of DHL by the end of this year.
Read MoreDeutsche Post World Net AG is planning to acquire by the end of this year an additional 23% stake in express carrier DHL for €400m, the Financial Times Deutschland reported, without citing sources.
It said the transaction has already been agreed by the owners of the stake, an Asian investment fund and a fund unit of WestLB, and will leave Deutsche Post with a stake of 98.6% in DHL.
Read MoreDeutsche Post Global Mail, a shipper of U.S. business mail internationally and a cross-border mailer worldwide, has completed the relocation of its U.S. headquarters to Fairfax County.
Deutsche Post Global Mail is leasing a building in Herndon, near Washington Dulles International Airport. The headquarters employs 100 people. ‘Deutsche Post is a strong growth company that we are proud to welcome to the community,’ said Gerald L. Gordon, president and CEO of the Fairfax County Economic Development Authority. ‘This is a great example of how Fairfax County works for foreign-owned companies looking for a U.S. location.’
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