DHL not to cut jobs in India due to global slowdown: Official

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Bangalore, Nov 20 (UNI) Global air express major "DHL Express" will not cut any jobs in India despite the business volume coming down in the wake of the global economic slow down, a top official today said.

Speaking to reporters after announcing the setting up of integrated air side facility at the Bengaluru International Airport here, he said the company, which had a solid financial background, would tide over the problem and there will not be any job cuts in the country.

''We are in the business in India since 1983 and have grown very well. We have weathered ups and downs earlier and dot.com slump was one example. We, as a service industry, have never cut down jobs,'' he said.

He said DHL's employees were partners in the company's progress and there was no question of job cuts. Instead, the growth momentum in new employment will continue.

He said the company had 10,000 employees and it is expected that the crisis would end soon.

After spending about Rs 1,500 crore on its India facilities, DHL has sanctioned a further Rs 1,000 crore to set up more infrastructure.

''During the slump we want to invest more in infrastructure and benefit when the slowdown is over. We are financially a healthy company and we will spend this money from our internal accruals,'' he added.

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