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Thursday, November 13, 2008

DHL JOB LOSSES



MILE MARKER #46

The struggling economy creates havoc on more U.S jobs. Now that the gas prices are somewhat affordable, nobody has a job to drive to anymore. What about the American worker? Can we get a bail out over here?

Struggling shipper DHL said Monday that it would close its 300-employee West Coast hub in Riverside County as it pulls out of the U.S. domestic shipping business, eliminating 9,500 jobs nationwide and closing most of its DHL Express service centers.Deutsche Post, the Bonn, Germany-based parent of DHL, blamed the move on heavy competition from United Parcel Service Inc. and FedEx Corp. as well as severe financial losses stemming from the weak U.S. economy. It follows 5,400 U.S. job cuts the company had made earlier this year and will leave DHL with 3,000 to 4,000 workers in its U.S. express business.

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