DHL to cut about 600 jobs in U.S.
Tue Feb 12, 2008 4:31pm EST
CHICAGO, Feb 12 (Reuters) - DHL, Deutsche Post's (DPWGn.DE:
Quote,
Profile,
Research) express delivery unit, said on Tuesday it will cut around 600 jobs in the United States, citing the "current economic climate and market demands."
The job cuts will be "achieved through reductions, attrition and the suspension of some existing open positions," the company said in a statement.
DHL has struggled with plans to expand its package delivery presence in the U.S. market, which is dominated by United Parcel Service Inc (UPS.N:
Quote,
Profile,
Research) and FedEx Corp (FDX.N:
Quote,
Profile,
Research). (Reporting by Nick Carey, editing by Jeffrey Benkoe)