The staff reduction followed a new contract agreed upon just two days earlier between the logistics giant and German trade ...

Further prompting the cuts, the CEO also said German’s regulatory guardrails prevented DHL from raising stamp prices to the level necessary to offset the costs of inflation and accelerated mail ...

Germany's DHL plans to cut 8,000 jobs in Germany this year, the biggest staff reduction programme in its home market in at ...

The plan aims to reduce the company’s cost base by $1.1 billion, across its entire operation, with the full impact expected ...

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DHL Chief Executive Officer (CEO) Tobias Meyer said that even though DHL raised letter postage prices recently, it was not enough to shore up quarterly earnings due to limits set by German regulators.

Job cuts to occur in Germany's Post & Parcel division Job cuts represent more than 1% of total global workforce Verdi union criticizes job cuts, denies wage agreement as cause 2024 EBIT of 5.89 ...

Shares in DHL owner Deutsche Post surged Thursday after ... same time as German regulation restricts its ability to increase prices above certain limits. Post & Parcel Germany, which contributes ...

Deutsche Bank analyst Andy Chu upgraded DHL Group (DHLGY) to Buy from Hold. See what stocks are receiving Strong Buy ratings from top-rated analysts. Filter, analyze, and streamline your search ...

These wage increases, combined with inflationary pressures, have made it challenging for the company to maintain profitability. DHL CEO Tobias Meyer highlighted that the company had recently increased ...

Germany's DHL plans to cut 8,000 jobs in Germany this year, the biggest staff reduction programme in its home market in at ...