The Conservative Cave

Current Events => Economics => Topic started by: RobJohnson on November 10, 2008, 10:25:28 AM

Title: DHL to cut 9,500 US Jobs
Post by: RobJohnson on November 10, 2008, 10:25:28 AM

FRANKFURT, Germany (AP) -- Deutsche Post AG will close all of its DHL Express service centers in the U.S., cut 9,500 jobs there and eliminate U.S.-only domestic express shipping by land and air, the company said Monday, citing heavy losses and fierce competition.
 
The Bonn-based company said the new round of cuts are on top of another 5,400 job cuts it already announced and blamed heavy losses at the unit, which competes with rivals UPS Inc. and FedEx Corp

http://biz.yahoo.com/ap/081110/eu_germany_deutsche_post.html

It wasn't immediately clear how Deutsche Post's decision might affect a proposed collaboration announced in May between DHL and Atlanta-based UPS in which UPS would carry some air packages for DHL. The deal, if completed as initially proposed, could last up to 10 years and infuse up to $1 billion in annual revenue for UPS.

Title: Re: DHL to cut 9,500 US Jobs
Post by: Miss Mia on November 10, 2008, 10:27:58 AM

DHL's shipping sucks.  We tried them for a few months, because they're cheaper than FedEx, but they lost a lot of packages.