Friday, Mar 14 2025 | Time 19:18 Hrs(IST)
WorldPosted at: Mar 6 2025 8:58PM


DHL to cut 8,000 jobs in Germany

Frankfurt, Mar 6 (UNI) Germany's logistics giant DHL Group announced on Thursday that it will cut 8,000 jobs at Post & Parcel Germany, a division dealing with post and parcels in Germany, as part of a broader cost-cutting initiative aimed at saving up to 1 billion euros (1.08 billion U.S. dollars) in 2025.
The layoffs are part of the company's "Fit for Growth" program, which seeks to streamline operations in response to declining mail volumes and ongoing financial pressures. Digitalisation has significantly reduced the demand for postal services in Germany, putting pressure on Post & Parcel Germany's business model, said the company.
DHL reported that Post & Parcel Germany's revenue grew by 2.7 percent to 17.35 billion euros in 2024, but its earnings before interest and taxes (EBIT) fell 5.6 percent to 821 million euros. The company said it would implement job reductions in a socially responsible manner in 2025.
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