According to news agency Reuters, the planned cuts account for just 1.3 per cent of the global workforce of DHL, in which Germany still holds a 16.99 per cent stake via state lender KfW.

Based in Bonn, Germany, DHL Group employs around 590,000 employees in 220 countries. Europe’s largest logistics company, DHL Group traces its origins to Franz von Taxis, who started delivering ...