Expeditors – staff dynamics, layoffs... and tech as a substitute
It all makes sense?
Swissinfo reports:
The megabank created by the UBS takeover of Credit Suisse is poised to reduce its global workforce by 20-30% – between around 25,000 and 36,000 positions – according to the SonntagsZeitung newspaper, citing an unnamed senior UBS manager.
This is far more than the 9,000 jobs Credit Suisse had planned to cut in its restructuring plan before the Swiss authorities forced UBS to buy out its imploding rival on March 19. In Switzerland alone, up to 11,000 jobs would be affected, the SonntagsZeitung saidExternal link.
Before the takeover, UBS employed just over 72,000 people worldwide, compared with more than 50,000 at Credit Suisse. UBS agreed to buy Zurich rival Credit Suisse for CHF3 billion ($3.3 billion) in a deal engineered by the Swiss government, the central bank and market regulator to avoid a meltdown in the country’s financial system…
The full post is here.
The rise and rise of China's ecommerce platforms
DSV chief reticent on Schenker: the focus on growing market share
Legal battle heats up over 'unseaworthy' and 'reckless' MV Dali
Increasing scrutiny could stall rise of ecommerce platforms, as TikTok faces US ban
MSC redeploys 'Israel-linked' box ships away from Persian Gulf
Boxes piling into Mexican ports – but then piling up
Liners add capacity to Asia-ECSA as ocean rates hit 18-month high
K+N looks past Q1 revenue drop to improved margins from restructure
Comment on this article