DHL to cut 8,000 jobs as part of US$1.1 billion cost-saving strategy

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German postal service to cut 8,000 jobs

Frankfurt, Germany — Germany’s postal service, Deutsche Post, said Thursday it plans to axe 8,000 jobs amid a decline in the number of letters being sent and after its parent company reported falling profits. The cuts will be made this year “in a socially responsible manner”, logistics giant DHL, which owns the postal service, said in a statement. Last year “the number of traditional, document-carrying letters continued to decline,” said DHL in …

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DHL makes biggest domestic cull in decades

Germany's DHL plans to cut 8,000 jobs in Germany this year, the biggest staff reduction programme in its home market in at least two decades, responding to falling letter volumes as well as what it says is overly strict regulation. Shares rose to their highest level since February 6, 2024, on the news, which includes savings of more than 1 billion euros ($1.1 billion) by 2027. At 1415 GMT, shares were up 12.3%, the biggest gainer among German bl…

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German postal giant DHL cuts 8,000 jobs, biggest domestic cull in decades

Germany's DHL plans to cut 8,000 jobs in Germany this year, the biggest staff reduction programme in its home market in at least two decades, responding to falling letter volumes as well as what it says is overly strict regulation.

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DHL Layoffs: German logistics giant cuts 8,000 jobs after profit falls 7.2%; biggest domestic reduction in two decades

DHL Layoffs: The planned cuts account for just 1.3% of the global workforce of DHL, in which Germany still holds a 16.99% stake via state lender KfW.

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If DHL does not re-occupy 8000 jobs in the postal and parcel sector of Germany this year, the company is driving a dangerous course. It is foreseeable that many employees will retire in the coming years. Our author says that the staff that is not now recruited could be painfully lacking in the future.

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The world's largest logistics company DHL earns less and wants to save. Therefore, many jobs fall away in the German mail and parcel business. A trade war with the USA could additionally burden the Dax member – or even benefit him.