Comment / Market Insight: Waving goodbye to DSV Panalpina

There have been a few emotional goodbyes from ex-Panalpina employees to the DSV Panalpina family in recent weeks, and many more are readying to go as the Danish group looks to reduce the headcount by chopping up to 4,000 staff, according to CFO Jens Lund.

At the moment, those estimates concerning layoffs are bang in line with our estimated staff losses of “between 20% and 30% of Panalpina staff” out of the workforce employed by DSV’s target, which stood at about ...