http://money.cnn.com/2008/11/10/news...n=money_latest
NEW YORK (CNNMoney.com) -- Global delivery company DHL announced Monday that it was cutting 9,500 jobs as it discontinues air and ground operations within the United States.
DHL said its DHL Express will continue to operate between the United States and other nations. But the company said it was dropping "domestic-only" air and ground services within the United States by Jan. 30 "to minimize future uncertainties."
DHL's 9,500 job cuts are on top of 5,400 job reductions announced earlier this year. After these job losses, between 3,000 and 4,000 employees will remain at DHL's U.S. operations, the company said.
The company also said it was shutting down all ground hubs and reducing its number of stations to 103 from 412.
DHL said it was making the cuts to improve profitability and "to prepare the company for the economic challenges ahead."