DB chief praises Schenker H1 performance amid group's poor results
DB Schenker has again propped up parent Deutsche Bahn’s poor half-year results, despite falling rates. Sales ...
© Lucian Milasan
By Alex Lennane
Forget the job losses if DSV takes over DB Schenker – Germany is facing that anyway, at parent Deutsche Bahn. Following the announcement of a €1bn net loss in the first half, the German rail operator and current owner of Schenker has announced 30,000 job cuts over five years – 9% of the workforce. Mostly administrative, some 1,500 jobs will go this year, according to Reuters.
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