EMCC European Monitoring Centre on Change

Danzas Euronet

Company/Organisation:
Danzas Euronet

Geographic Location

Country: Germany

Company

Sector: Transportation / storage
Transportation and storage
53 - Postal and courier activities
Group: Deutsche Post

Employment Effects

Announcement Date: 08-12-2003
Planned Job Reductions min: 140
Planned Job Reductions max: 140
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-01-2004
Direct Dismissals: 140

Additional Information

For the first time in its history the Deutsche Post will proceed to direct dismissals, there is however a social plan for the personnel. In its subsidiary, Danzas Euronet, 140 drivers will loose their jobs at the beginning of 2004. This restructuring measure was made necessary by the loss of a big customer, Otto, but it also aims at reducing the overcapacity of the company.