All DHL Express shops are going to close in the US. That’s 9,500 jobs. Here’s the AP story, via Yahoo Finance: Deutsche Post to cut 9,500 jobs in US:

Deutsche Post AG will close all of its DHL Express service centers in the U.S., cut 9,500 jobs there and eliminate U.S.-only domestic express shipping by land and air, the company said Monday, citing heavy losses and fierce competition.

The Bonn-based company said the new round of cuts are on top of another 5,400 job cuts it already announced and blamed heavy losses at the unit, which competes with rivals UPS Inc. and FedEx Corp.

Deutsche Post investors cheered the decision, sending the company’s shares up 7 percent to 10 euros ($12.90) in Frankfurt trading.

The cuts are part of a wider plan to curtail operations in the U.S., including domestic ground and delivery services though its international shipping to and from the U.S. would continue. The Express unit currently employs some 18,000 workers.

However, Deutsche Post said the U.S. remained a key market and that its other operations there, including freight and global mail and other logistics, won’t be affected by the closings.

Odd that the article doesn’t mention competition with the post office. Incidentally, they aren’t doing too well either. I found this via this. First layoff in the history of the post office? That’s pretty bad.

Unemployment continues to rise.