Monday, October 20, 2025
spot_img

Deutsche Post up outlook, to pay staff pandemic bonus

spot_img
- Advertisement -

German logistics group Deutsche Post DHL raised its short and medium-term profit outlook on Wednesday and said it would pay another coronavirus bonus to staff, predicting that the e-commerce boom driven by the pandemic would continue.

Deutsche Post, one of the world’s largest logistics firms, expects operating profit to increase to more than 7 billion euros ($8.26 billion) in 2021, up from a previous forecast of 6.7 billion euros.

It also raised its forecast for operating profit in 2023, predicting it will reach more than 7.4 billion euros, up from an earlier prediction of more than 7 billion.

Preliminary second-quarter earnings before interest and taxes (EBIT) more than doubled to 2.075 billion euros.

“The second quarter proved once again that global trade volume continues to recover and the e-commerce boom is sustainable – and we benefit strongly from both,” Chief Executive Frank Appel said in a statement.

Deutsche Post said it would pay another bonus of 300 euros to each of its 550,000 staff around the world, costing around 200 million euros, to be booked in the third quarter. The figure is included in its new earnings outlook.

The company also paid its employees a 300 euro bonus last year to reward their extra work during the pandemic.

Deutsche Post said shipments to consumers were ahead of last year in all its networks, while business-to-business traffic continued to gain momentum. It said it still faces capacity constraints in both air and ocean freight.

Shares in U.S. rival United Parcel Service Inc fell last month when the company forecast disappointing post-pandemic U.S. margins.

Deutsche Post is due to report full second-quarter results on Aug. 5.

spot_img

Editorial

Why TCS Deferred FY25 Salary Hike: Better Hike Ahead?

TCS had initially announced its annual salary hike during...

Deloitte, PWC, EY, KPMG to Hire 1 Lakh People in India in FY25

According to estimates from top company officials and industry...

Higher EPS Pension Application Stuck: A Step-by-Step Guide to Fix

Nearly 97,640 Provident Fund (PF) members and pensioners under...

Employee Benefits at India’s Big 4 Firms Deloitte, PwC , EY, KPMG

The Big 4 firms; Deloitte, PwC (PricewaterhouseCoopers), EY (Ernst...

TCS Announces 4-8% Salary Hike for FY25, Lowest in Last 4 Years

Tata Consultancy Services (TCS), India's largest IT services provider,...

Must Read

Kotak Mahindra Bank elevates Chetan Savla as CHRO

One of India’s leading financial services conglomerates, Kotak Mahindra Bank...

New Age Motivators!

Compensation practices have been the foundation of attracting and...

STEER World ropes in Tata Coffee’s Ajay Bhasin as Group CHRO

STEER World, a global leader in engineering innovation, specializing...

Leveraging Metaverse to Enhance Operational Capabilities of HR Function

Technological advancement often beckons businesses with exciting prospects for...

Top Workplace Trends in 2022

With the COVID-19 pandemic continuing to reshape the workplace,...

LTIMindtree & Microsoft partners for employee engagement AI-powered Apps

A global technology consulting and digital solutions company, LTIMindtree...

Income tax refund scam, notices slapped on 100 staff of tech firms

The Income tax department has recently issued notices that...

Hiring Trends 2025; Role of AI, Empathy and Upskilling

In 2025, Talent Acquisition will shift dramatically towards skill-based...

Related Articles

SightsIn Plus
SightsIn Plushttps://sightsinplus.com/
SightsIn Plus is an India’s leading high-quality people-focused monthly HR Magazine and provides up-to-date HR News, Leadership Announcements, Best HR Practices and Insights by Global CHROs, CEOs, HR Advisors, Business Managers and HR Heads on topics of interest to HR professionals. To subscribe SightsIn Plus, HR Magazine please visit- https://sightsinplus.com/subscribe/