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Deutsche Post stock rises 9% following job cuts announcement

Published 06/03/2025, 09:26
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Investing.com -- Shares of Deutsche Post (OTC:DHLGY) (ETR:DPW) climbed 9% today after the company announced a reduction in its workforce as part of a broader cost-cutting program.

The German mail service stated that around 8,000 letter and package carrier positions would be eliminated this year, affecting its 187,000-strong workforce.

The cuts are set to be implemented through natural fluctuation, ensuring a socially responsible process, according to Tobias Meyer, the chief executive of the DHL Group.

This move is part of an extensive cost-saving initiative that spans the entire logistics conglomerate, which includes the DHL Group’s global workforce of approximately 600,000 employees.

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