The company "DHL" announced plans to cut around 8000 jobs in Germany this year as part of a strategy to reduce costs by more than $1.08 billion by 2027. This was announced after the logistics group reported a 7% decrease in annual operating profit. According to Parasha Jin, the chief researcher in transport and logistics at HSBC, profit growth has slowed down. The general director of the company Tobias Meyer told Reuters in an interview: "Job cuts, making up more than 1% of the total number of employees, will occur in the mail and parcels division in Germany due to natural attrition, not forced layoffs."
