DHL 1997 Annual Report Download - page 16

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We acquired a majority share of Belgian Parcel Distribution N.V. (Boom).
In addition, Deutsche Post AG is also the majority shareholder in
Servisco Sp. z o.o. (Warsaw), the leading parcel delivery service in Poland.
We also succeeded in acquiring full ownership of Switzerland’s G.P.
Paketlogistik AG (Basel).
In the European freight market, we will continue systematically to
pursue our goal of offering top-quality service that invites international
comparison. As in the past, we will also be examining potential options
in the form of participations, cooperation agreements and the establish-
ment of our own facilities.
In Germany, we acquired TNT Netzwerk Logistik GmbH in Troisdorf,
which was renamed Deutsche Post Transport GmbH, and we increased to
100 percent our holding in DTZ Zadelhoff Holding GmbH in Frankfurt
am Main.
Reduced staff levels
As of December 31, 1997, Deutsche Post had a total of 266,823
employees (including trainees). This figure is 6.3 percent lower than that
at the end of 1996 – a reduction of 18,066 employees. This necessary
staffing reduction occured primarily through attrition and thus did not
violate Germany’s unwritten social contract. We also negotiated collec-
tive agreements with labor that enable us to adjust our personnel costs
to stay competitive. In the coming years, we will have to continue to
reduce our staff in order to raise productivity.
13
Number of employ ees
1996 1997
284,889
266,823
350,000
300,000
250,000
200,000
150,000
100,000