DHL Layoffs: German Logistics Giant To Cut 8,000 Jobs Amid Profit Decline, Aims To Save 1 Billion Euros by 2027
DHL is set to cut thousands of jobs as part of its largest layoffs in two decades. The DHL layoffs will affect 8,000 employees. The logistic giant planned to save 1 billion euros by 2027 amid a decline in profits.
Bonn, March 7:슬롯 머신 사이트 추천DHL, a Germany-based logistics company, will reduce its workforce this year by cutting around 8,000 jobs. The슬롯 머신 사이트 추천upcoming DHL layoffs round is considered the biggest in슬롯 머신 사이트 추천two decades, and it was announced as슬롯 머신 사이트 추천the슬롯 머신 사이트 추천company underperformed, witnessing a 7.2%슬롯 머신 사이트 추천drop in profit. The layoffs will reportedly affect 1.3% of the global workforce, in which슬롯 머신 사이트 추천Germany holds a 16.99% stake via state lender KfW.슬롯 머신 사이트 추천
The reports suggested that the German postal giant will lay off its Post & Parcel division employees. According to the reports, DHL CEO Tobias Meyer said that DHL슬롯 머신 사이트 추천raised the슬롯 머신 사이트 추천letter postage prices recently; however, it was not enough for it to shore up earnings슬롯 머신 사이트 추천amid limitations by German regulators. DHL's net profit in 2024 dropped 9.3% to슬롯 머신 사이트 추천3.3 billion euros, and슬롯 머신 사이트 추천the logistics company's revenue rose 3% to 84.2 billion euros.슬롯 머신 사이트 추천JioStar Layoffs: India슬롯사이트™s Largest Media Conglomerate To Lay Off 1,100 Employees After Merger, Multiple Departments To Be Affected, Says Report.슬롯 머신 사이트 추천
DHL shares increased to the highest level since February 6, 2025, and the company aims to save슬롯 머신 사이트 추천1 billion euros (around USD 1.1 billion) by 2027. The company's shares were up 12.3%, which was the biggest gainer in Germany among blue-chip stocks.슬롯 머신 사이트 추천On the other hand, Verdi was critical of the planned DHL layoffs and슬롯 머신 사이트 추천urged that German politicians act on them. The슬롯 머신 사이트 추천labour union blamed슬롯 머신 사이트 추천the regulations and insufficient stamp price hike.
According to슬롯 머신 사이트 추천the reports, due to soft demand and supply-chain disruptions, the logistics company has been seeing slower profit growth, as stated by Parash Jain, HSBC Global Head of Transport and Logistics Research. He슬롯 머신 사이트 추천further stated that transportation슬롯 머신 사이트 추천companies may cut costs슬롯 머신 사이트 추천amid슬롯 머신 사이트 추천the global container trade and halving of freight tonnes. Over the past year, DHL reportedly underperformed in the logistics sector.슬롯 머신 사이트 추천Reliance Retail Layoffs: Mukesh Ambani슬롯사이트™s RRVL Reportedly Slashing Jobs Amid USD 50 Billion Loss in Valuation Before Making Stock Market Debut.
DHL (Dalsey, Hillblom, and Lynn)슬롯 머신 사이트 추천reportedly maintained the 1.85 euro dividend per share last year, increased its buyback programme슬롯 머신 사이트 추천by two to six billion euros, and extended it until 2026.
(The above story first appeared on LatestLY on Mar 07, 2025 12:20 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).