DHL to cut 9,500 jobs in U.S.

Cybergal · Nov 10, 2008

Additional restructuring costs would likely lead to a full-year group net loss, the company said on Monday.

Sluggish consumer spending and shrinking investments by businesses are hurting shippers around the world, with the United States being hit hardest. Retail sales there dropped for a third consecutive month in September, posting their biggest decline in more than three years.

To battle sliding demand in the United States, Deutsche Post now planned to shut down its domestic U.S. express business and focus on international shipping there. It would spend $3.9 billion on restructuring, $1.9 billion more than previously planned.
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http://www.reuters.com/article/newsOne/idUSTRE4A93T120081110

zedanny · Nov 10, 2008

http://www.ttnews.com/articles/basetemplate.aspx?storyid=20812

More jobs Lost. Danny

milestogo · Nov 10, 2008

More jobs Lost. Danny

They are still shipping to and from US via air. I believe UPS will benefit, and Brown is an army of people. Cheer up !!

RickG · Nov 10, 2008

Not surprising . DHL has lost money on U.S. operations since they bought out Airborne . Then earlier this year DHL unionized with a contract calling for over $8 an hour in wage increases over the 5 year contract . Right there I knew DHL would sell or pull out within a year .

Cybergal · Nov 11, 2008

Ohio town devastated by layoffs by German firm DHL

WILMINGTON, Ohio (Reuters) - Scott Terry is one of 7,000 who work in the small Ohio town of Wilmington who just found out he's lost his job, and he's scrambling to figure out how his family will survive.
In every corner of Wilmington, home to the soon-to-close distribution hub of German shipping company DHL Express, townspeople are asking the same question.
"It's devastating for me and my family," said Terry, 41, who has spent the last 18 years in a job he loved at DHL's main air cargo carrier, ABX Air. "Everyone I worked with pretty much planned on retiring from there years from now. It's going to devastate Wilmington, the whole county."
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http://www.reuters.com/article/domesticNews/idUSTRE4AA85Y20081111

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