DHL to save $1.1 billion by 2027 with 8,000 job cuts, shares rise
DHL announced plans on Thursday to cut about 8,000 jobs in Germany this year as part of a strategy to save more than 1 billion euros ($1.08 billion) by 2027, after the logistics group reported a 7% fall in annual operating profit.
DHL Owner Deutsche Post to Slash 8,000 Jobs as Part of $1.1 Billion Cost-Saving Drive
Shares surged after the company said it would cut around 8,000 jobs in Germany this year as part of a broader plan to cut more than $1 billion in costs.
DHL to Cut 8,000 Jobs in Germany Amid Profit Dip
Deutsche Post DHL, the German postal and logistics giant, has announced plans to cut approximately 8,000 jobs in Germany. This decision marks the largest domestic workforce reduction for the company in decades and is a direct consequence of a significant decline in its annual operating profit.
DHL to cut 8,000 jobs as part of $1.1 billion cost-saving strategy
DHL unveiled plans on Thursday to cut about 8,000 jobs in Germany this year as part of a strategy to save more than 1 billion euros ($1.08 billion) by 2027, after the logistics group reported a 7% fall in annual operating profit.
DHL's shares soar 10% as it announces savings plan and job cuts
The German logistics company announced a cost-saving plan after a "challenging" year in 2024. However, investors applauded fourth-quarter results. View on euronews
Earnings Update: Deutsche Post AG (ETR:DHL) Just Reported Its Annual Results And Analysts Are Updating Their Forecasts
Shareholders of Deutsche Post AG ( ETR:DHL ) will be pleased this week, given that the stock price is up 14% to ...
The Independent Singapore News2d
DHL to cut 8,000 jobs in Germany as it aims to save over €1B by 2027 amid expected weaker profit growth in the logistics industry
DHL will be cutting around 8,000 jobs in Germany this year as part of its strategy to save over €1 billion (S$1.44 billion) by 2027. The job cuts, affecting m ...
Parcel Carriers FedEx and United Parcel Lose Their Way as Rival DHL Slashes Jobs and Fails to Deliver on Profits
Shares in U.S. listed parcel carriers FedEx (FDX) and United Parcel Service (UPS) failed to deliver today after logistic ...
Air Cargo News2d
DHL expects express to continue nabbing forwarding marketshare
DHL Group plans to focus more on express air cargo shipments in the future using the integrator business model ...
DHL, German Logistics Giant to Cut 8,000 Jobs Amid Profit Decline
DHL, one of the world’s leading logistics and postal service providers, has announced its largest job cuts in two decades. The German logistics giant will lay off 8,000 employees as part of a ...
DHL Group price target raised to EUR 41 from EUR 38 at Barclays
Barclays raised the firm’s price target on DHL Group (DHLGY) to EUR 41 from EUR 38 and keeps an Equal Weight rating on the shares.Discover the ...
Air Cargo News3d
DHL airfreight volumes up 6.8% in 2024
DHL's airfreight volumes climbed in the fourth quarter due to regular peak season business as well as additional Red Sea and ...
German union, DHL agree to 5% wage increase for postal workers
German trade union Verdi and logistics company DHL , which runs the national postal service, said on Tuesday they have ...