DHL to slash 9,500 US jobs
In order to meet its financial goals, Deutsche Post World Net, parent company of DHL Express, today said it will discontinue its US-only air and ground services, resulting in the loss of 9,500 jobs. The move will allow the U.S. Express business to cut its operating costs from $5.4 billion to under $1 billion - a drop of more than 80%.
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