Tag: Germany

U.S. jobs safe from Deutsche Post axe

Posted by | Jul 10, 2002 | |

The United States operations of Deutsche Post World Net, including DHL Worldwide Express and Danzas AEI, will not be affected by massive job cuts that may be implemented by the German global mail and logistics group.
Deutsche Post warned Wednesday that it may ax up to 10,000 jobs, or 3% of its workforce, to cope with the anticipated loss of revenue following the German government’s decision to lower postage rates.
Shares of the partly-privatized company tumbled after it said the move will cut 2003 earnings by 300 million euros ($297 million) and lead to total losses of around $1.5 billion by 2007.

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Monopoly Commission Proposes “Super Regulator”

Posted by | Jul 8, 2002 | |

Germany’s monopoly commission on Monday called for the setting-up of a cross-sector regulatory body, particularly for network-based industries that were once monopolies such as telecommunications, postal services, electricity, gas and railways.

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TPG Shares Stable After DPWN Announcement

Posted by | Jul 8, 2002 | |

Germany’s Deutsche Post said Monday it will set up a mail distribution joint venture with Dutch publisher Wegener NV aiming to become the second largest player in the Dutch postal market after former monopolist TPG NV. In opening trading, TPG shares fell on the news but subsequently recouped losses as analysts said they didn’t expect any impact on the company in the short term.

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Deutsche Post sees hefty Dutch growth

Posted by | Jul 8, 2002 | |

Deutsche Post (DP) expects to have a double-digit share in the Dutch postal market within the next five years, Deutsche Post’s divisional board member Herbert-Michael Zapf told reporters on Monday. DP’s share in the Dutch market is currently below five percent, he said.

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