Posted AT 9:46 AM EST on 10/11/08
Deutsche Post to cut 9,500 jobs in U.S.
FRANKFURT — Deutsche Post AG will close all of its DHL Express service centres, cut 9,500 jobs in the United States and eliminate U.S.-only domestic express shipping by land and air, the company said Monday, citing heavy losses and fierce competition.
The Bonn-based company said the new round of cuts are on top of another 5,400 job cuts it already announced and blamed heavy losses at the unit, which competes with rivals UPS Inc. and FedEx Corp.
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