Suddenly announced: A major layoff!The global logistics giant will lay off 8,000 employees this year
- Author:weiyun.com
- Source:weiyun.com
- Release Date:2025-03-11
Another logistics giant layoffs!
On March 6, the world's well-known logistics giant DHL announced plans to lay off about 8,000 employees this year as part of a strategy to save more than 1 billion euros (US$1.08 billion) by 2027.
The layoffs account for more than 1% of the total DHL employees, involving the Deutsche Post and parcel sectors.Layouts will be carried out in a socially responsible manner.
DHL said the move is part of a broader cost-cutting program designed to improve efficiency.The Group's "Fit for Growth" cost plan targets structurally improve the cost base and reduce costs by more than 1 billion euros, which is expected to have a comprehensive impact in fiscal 2027.The above-mentioned layoffs are part of the cost plan.
According to a statement from the group, DHL has approximately 602,000 employees in more than 220 countries and regions around the world.Among them, the German Post and parcel department hired 190,000 employees.
"We expect the global political and economic situation to remain turbulent in 2025," the DHL CEO said in a statement.
Recently, DHL released data showing that the group's revenue in the fourth quarter of 2024 increased by 6.4% year-on-year to 22.7 billion euros; profit before interest and tax (EBIT) increased by 12.9% to 1.9 billion euros.Revenue in 2024 increased by 3% year-on-year to 84.2 billion euros; profit before interest and tax fell by 7.2% year-on-year to 5.9 billion euros.
In addition, the DHL Board of Directors and Supervisors plan to propose a dividend of €1.85 per share to shareholders at its annual general meeting on May 2, 2025, which remains stable compared with the previous year.If shareholder approval is obtained, the group will allocate a total of 2.1 billion euros.Based on the proposed dividend, the dividend rate will be 64%.The board of directors also decided to increase the group's stock repurchase program launched by 2 billion euros to a maximum of 6 billion euros, and extend the plan to 2026.
Looking ahead to 2025, the group expects the macroeconomic environment to continue to be sluggish.Based on this assumption, operating profit is expected to exceed 6 billion euros.This outlook does not include the potential impact of tariffs or trade policy changes, as such changes may have significant negative impacts on the DHL Group, but may also have positive effects.
It is also reported that Germany's Verdi union criticized the DHL's planned layoffs and urged politicians to take action, while accusing the insufficient rise in regulation and stamp prices.Additionally, postal workers reached a collective bargaining agreement on Tuesday, with wages to rise by 2% in April.The agreement will allow about 170,000 workers to get a pay increase immediately next month, and then a further 3% increase in April 2026.
In recent years, various factors have accelerated the reshuffle of the logistics industry.Even many logistics giants are facing difficulties such as declining performance and tight capital, and have taken measures to reduce costs, and layoffs are one of them.With few goods and low profits, the freight forwarding logistics industry is also facing an unprecedented test...
On March 6, the world's well-known logistics giant DHL announced plans to lay off about 8,000 employees this year as part of a strategy to save more than 1 billion euros (US$1.08 billion) by 2027.
The layoffs account for more than 1% of the total DHL employees, involving the Deutsche Post and parcel sectors.Layouts will be carried out in a socially responsible manner.
DHL said the move is part of a broader cost-cutting program designed to improve efficiency.The Group's "Fit for Growth" cost plan targets structurally improve the cost base and reduce costs by more than 1 billion euros, which is expected to have a comprehensive impact in fiscal 2027.The above-mentioned layoffs are part of the cost plan.
According to a statement from the group, DHL has approximately 602,000 employees in more than 220 countries and regions around the world.Among them, the German Post and parcel department hired 190,000 employees.
"We expect the global political and economic situation to remain turbulent in 2025," the DHL CEO said in a statement.
Recently, DHL released data showing that the group's revenue in the fourth quarter of 2024 increased by 6.4% year-on-year to 22.7 billion euros; profit before interest and tax (EBIT) increased by 12.9% to 1.9 billion euros.Revenue in 2024 increased by 3% year-on-year to 84.2 billion euros; profit before interest and tax fell by 7.2% year-on-year to 5.9 billion euros.
In addition, the DHL Board of Directors and Supervisors plan to propose a dividend of €1.85 per share to shareholders at its annual general meeting on May 2, 2025, which remains stable compared with the previous year.If shareholder approval is obtained, the group will allocate a total of 2.1 billion euros.Based on the proposed dividend, the dividend rate will be 64%.The board of directors also decided to increase the group's stock repurchase program launched by 2 billion euros to a maximum of 6 billion euros, and extend the plan to 2026.
Looking ahead to 2025, the group expects the macroeconomic environment to continue to be sluggish.Based on this assumption, operating profit is expected to exceed 6 billion euros.This outlook does not include the potential impact of tariffs or trade policy changes, as such changes may have significant negative impacts on the DHL Group, but may also have positive effects.
It is also reported that Germany's Verdi union criticized the DHL's planned layoffs and urged politicians to take action, while accusing the insufficient rise in regulation and stamp prices.Additionally, postal workers reached a collective bargaining agreement on Tuesday, with wages to rise by 2% in April.The agreement will allow about 170,000 workers to get a pay increase immediately next month, and then a further 3% increase in April 2026.
In recent years, various factors have accelerated the reshuffle of the logistics industry.Even many logistics giants are facing difficulties such as declining performance and tight capital, and have taken measures to reduce costs, and layoffs are one of them.With few goods and low profits, the freight forwarding logistics industry is also facing an unprecedented test...
