Deutsche Post Widens Job Cuts on U.S. Reorganization - Bloomberg
Deutsche Post AG, Europe's biggest mail carrier, will eliminate 14,900 jobs and scrap domestic express deliveries in the U.S., where the economic slump exacerbated the unit's losses.
The express unit, which hasn't earned a profit in the U.S. in at least five years, will limit operations in the country to international routes, retaining as many as 4,000 employees. An economic decline in the U.S. has "generated considerable need for action," Appel said at a press conference at the company's Bonn headquarters.
Deutsche Post AG, Europe's biggest mail carrier, will eliminate 14,900 jobs and scrap domestic express deliveries in the U.S., where the economic slump exacerbated the unit's losses.
The express unit, which hasn't earned a profit in the U.S. in at least five years, will limit operations in the country to international routes, retaining as many as 4,000 employees. An economic decline in the U.S. has "generated considerable need for action," Appel said at a press conference at the company's Bonn headquarters.
