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Home » DHL to Cut 8,000 Jobs in Cost-Saving Move Amid Profit Decline

DHL to Cut 8,000 Jobs in Cost-Saving Move Amid Profit Decline

DHL to Cut 8,000 Jobs in Cost-Saving Move Amid Profit Decline

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.

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