DHL to Cut 8,000 Jobs as Part of €1 Billion Cost-Saving Plan

The German logistics giant aims to streamline its Post & Parcel division after a 7.2% drop in annual operating profit.

DHL plans to cut 8,000 jobs in Germany's Post & Parcel division this year through natural attrition, avoiding compulsory redundancies.
The job cuts are part of the 'Fit for Growth' program targeting €1 billion in savings by 2027 amidst cost pressures and declining letter volumes.
DHL reported a 7.2% decline in annual operating profit to €5.89 billion in 2024, though revenues increased by 3% to €84.2 billion.
A recent wage agreement with the Verdi union, including a 5% pay raise and additional holidays, will cost the company €360 million by 2026.
Despite challenges, DHL projects an operating profit of over €6 billion for 2025 and continues investor returns with stable dividends and an expanded share buyback program.