Thinking out loud on DHL and asking a few QQ's

[MACHTRANSDUCER]

FRANKFURT, Nov 9 (Reuters) - Some 40,000 Deutsche Post (DPWGn.DE: Quote, Profile, Research, Stock Buzz) in the United States are at risk as the group steps up plans to turn round its loss-making DHL express delivery company there, a German newspaper report said on Sunday.
Citing internal sources, the Frankfurter Allgemeine Sonntagszeitung (FAS) said of the total, 20,000 of jobs were threatened directly at Deutsche Post's U.S. express unit and the other half at U.S. partner firms.
A spokeswoman for Deutsche Post, which on Monday is due to report third-quarter earnings, on Sunday declined to comment on the figures mentioned in the newspaper report.
The U.S. business has been hit by shrinking investments from businesses amid the global economic crisis.
A Deutsche Post spokeswoman had said in October that her firm was cutting its U.S. ground network capacity by 30 percent faster than planned and could take further measures if necessary.
The company in May announced a $2 billion restructuring programme for the U.S. express business, for which it expected to post a $1.3 billion loss before interest and tax this year.

dont sound good for both sides in 8+ hours...

 

[mxer]

So much for second quarter of 2009. TV news just said transition and layoffs to be complete by Feb 9. Thats according to the lwebcast.

 

[maxpwrset]

Sorry guys.

AP

DHL to cut 9,500 jobs and close US service centers
Monday November 10, 8:46 am ET

DHL to cut 9,500 jobs and close US service centers, Deutsche Post announces

FRANKFURT, Germany (AP) -- Deutsche Post AG will close all of its DHL Express service centers, cut 9,500 jobs in the United States and eliminate U.S.-only domestic shipping by land and air, the company said Monday, citing heavy losses and fierce competition.Bonn-based company said that 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.

The cuts are part of a wider plan to curtail operations in the U.S., including domestic ground and delivery services though its international shipping won't be affected. The express unit currently employs some 18,000 workers.
Part of the plan calls for the halt to domestic shipping by Jan. 30, the company said after it closes all of its ground hubs.
"The retained U.S. international express network with a total of 3,000 to 4,000 employees will be tailored to the needs of the group's international express service customers," the company said in a statement. "All international shipments into the U.S. will still be delivered, while 99 percent of the outbound shipments will be picked up."
The move is expected to reduce operating costs at the U.S. Express unit from $5.4 billion (4.2 billion euros) to less than $1 billion (770 million euros).
"The international express offering in the U.S. will be maintained on today's levels and the region will remain an integral part of DHL's global Express network," the company added.
Shares of Deutsche Post were up 4.2 percent at 9.77 euros ($12.60) in Frankfurt trading.

 

[abxdx]

So is there confirmation that the UPS deal is dead?

So much for second quarter of 2009. TV news just said transition and layoffs to be complete by Feb 9. Thats according to the lwebcast.