DHL announced plans on Thursday to reduce its workforce by approximately 8,000 jobs this year as part of a cost-saving strategy aimed at cutting over 1 billion euros ($1.08 billion) by 2027. The decision follows a 7.2% drop in the German logistics giant’s annual operating profit.
The layoffs, accounting for more than 1% of DHL’s total workforce, will primarily affect the Post & Parcel Germany division under the company’s “Fit for Growth” initiative. However, the reductions will occur through natural attrition rather than forced redundancies, CEO Tobias Meyer told Reuters in an interview.
Discussion about this post