Germany's Deutsche Post has announced it will close all of its DHL Express service centers in the U.S. That means the loss of 9,500 jobs.
It will eliminate U.S.-only domestic express shipping by land and air, facing heavy losses and fierce competition. DHL's parent says the new round of cuts is on top of another 5,400 job cuts already announced and blames heavy losses at the unit, which competes with UPS and FedEx.
The cuts are part of a wider plan to curtail operations in the U.S., including domestic ground and delivery services. International shipping to and from the U.S. will continue.
The company says the U.S. remains a key market and that its other operations there, including freight and global mail and other logistics, won't be affected by the closings.
Story courtesy of the Associated Press (2008).