DHL to cut 9,500 U.S. jobs

Delivery company DHL said Monday it will cut 9,500 U.S. jobs and by early next year will focus its U.S. Express arm exclusively on international offerings.
DHL U.S. Express will close its domestic ground hubs and cut the number of stations to 103 from 412. The company -- which was founded in San Francisco in 1969 -- has one staffed facility in Wichita, at Mid-Continent Airport.

The announcement came Monday during a morning press conference in Bonn, Germany.
"This is the right move for our U.S. Express operations given the current economic climate and for the long run," said John Mullen, global CEO of DHL Express. "Focusing our U.S. Express efforts on what we do better than anyone else -- international shipping -- serves the best interests of our customers, employees and shareholders around the world."
The company said it will retain 3,000 to 4,000 U.S. Express employees who will focus on international customers.
The cuts are designed to help DHL's U.S. Express business reduce its operating costs by more than 80 percent, from $5.4 billion to less than $1 billion.
The new round of cuts follows 5,400 job reductions earlier in the year.