(ANSA-AFP) - FRANKFURT AM MAIN, MAR 6 - Germany's postal
service, Deutsche Post, said Thursday it plans to axe 8,000 jobs
amid a decline in the number of letters being sent and after its
parent company reported falling profits. The cuts will be made
this year "in a socially responsible manner", logistics giant
DHL, which owns the postal service, said in a statement. Last
year "the number of traditional, document-carrying letters
continued to decline," said DHL in a statement. While revenues
from parcels increased, this could not "compensate for the
declining mail volumes and rising costs", particularly due to
pay agreements struck with unions, it added. The job cuts are
part of a broader drive by DHL to reduce costs by one billion
euros ($1.1 billion). Deutsche Post has about 187,000 employees
in Germany, out of a total of some 500,000 staff who work for
DHL worldwide. DHL reported its net profit in 2024 fell 9.3
percent to 3.3 billion euros while revenues increased three
percent to 84.2 billion euros. (ANSA-AFP).
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