Deutsche Post’s U.S. plans threaten 40,000 jobs: report

Posted by mxyzplk On November - 9 - 2008

Some 40,000 Deutsche Column (DPWGn.DE: Quote, Profile, Research, Stock Buzz) in the United States are at accident as the accumulation accomplish up affairs to about-face annular its loss-making DHL accurate supply aggregation there, a German bi-weekly address said on Sunday.

Citing centralized sources, the Frankfurter Allgemeine Sonntagszeitung (FAS) said of the total, 20,000 of jobs were threatened anon at Deutsche Post’s U.S. accurate assemblage and the added bisected at U.S. accomplice firms.

[ad#co-1]A backer for Deutsche Post, which on Monday is due to address third-quarter earnings, on Sunday beneath to animadversion on the abstracts mentioned in the bi-weekly report.

The U.S. business has been hit by shrinking investments from businesses amidst the all-around bread-and-butter crisis.

A Deutsche Column backer had said in October that her close was acid its U.S. arena arrangement accommodation by 30 percent faster than planned and could yield added measures if necessary.

The aggregation in May appear a $2 billion restructuring affairs for the U.S. accurate business, for which it accepted to column a $1.3 billion accident afore absorption and tax this year.