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Deutsche Post considering shorter worker hours

Deutsche Post considering shorter worker hours

German mail and logistics company Deutsche Post AG could shorten worker hours if the current downturn continues to affect postal volumes, the company's chief executive said Wednesday.
Speaking at an event outlining the company's strategy to 2015, Frank Appel, CEO at the Bonn-based company, said shorter hours for workers couldn't be ruled out if postal volumes continued at the low levels seen so far this year.
Postal volume "declines of 20 percent or 30 percent can't go on without changes to the team," Appel said.
He said any changes would likely affect the express and logistics unit DHL the most, but that he didn't foresee any job losses. The company would take advantage of attrition and country managers would make decisions based on their individual business.
Shorter work hours to reduce production or react to a weaker business environment is common in Germany.
Deutsche Post said its strategy through 2015 is for its mail division to focus on quality and new products in electronic communications, while the DHL express division would focus on cross divisional collaboration.
The company, which is Germany's incumbent mail service provider, said it foresaw midterm growth of 1 to 2 percentage points above the market average for all divisions.
"We have to improve if we want to maintain long-term relationships with our employees, customers and shareholders," Appel said.
"We can improve tremendously if we systematically address our weaknesses. Our goal is to remain 'Die Post fuer Deutschland' as well as 'The logistics company for the world.'"
He said it's not necessary to reinvent the group, but that the new focus will help unlock the company's potential to increase organic growth, following the company's expansion in recent years.
The company announced Tuesday that Lawrence Rosen will become chief financial officer, succeeding John Allen, who is retiring.
Shares of Deutsche Post rose 1.5 percent to


Updated : 2020-12-01 19:47 GMT+08:00