Deutsche Post to Shrink U.S. Network, Shift Deliveries to UPS

Discussion in 'The Latest UPS Headlines' started by cheryl, May 28, 2008.

  1. cheryl

    cheryl I started this. Staff Member

    Deutsche Post to Shrink U.S. Network, Shift Deliveries to UPS - Bloomberg

    Deutsche Post AG, Europe's biggest mail carrier, will shrink its U.S. network, fire workers and transfer some deliveries to United Parcel Service Inc. as it seeks to limit losses at its unprofitable DHL division.

    The turnaround plan will cost Deutsche Post as much as $2 billion and generate cost savings of about $1 billion a year, the Bonn-based company said today in a statement. DHL will cut as many as 1,800 jobs in the U.S.