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Picking the bones
Golden Sikorka
By Stuart Todd
Denmark’s DSV has formally closed its €14.3bn ($16.14bn) acquisition of DB Schenker – the biggest takeover in the sector this century – creating the world’s premier freight forwarder.
The mood was understandably celebratory at a conference call following the completion of the takeover of the subsidiary ...
Comment on this article
Juan Collaguazo
June 02, 2025 at 12:00 amAs a former Panalpina employee, I can most certainly affirm that DSV’s primary focus after the takeover was to lay off all the old timers.
I was one of many colleagues from Panalpina that were let go. DSV did not care of the loss of experience, knowledge and institutional memory that would result from the lay-offs. Of course the majority of layoffs in the merger were from the Panalpina team…DSV layoffs were few and far between.
DSV only cares about $$ and care nothing for the employees of the company’s they take over.
I am sure some UTI ex employees could attest to the having received the same tratement received from DSV once they were taken over.
I feel for the Schenker team…and wish them the best!
Frank Perri
June 17, 2025 at 3:21 amI am a truck driver for Schenker and looking forward for what DSV has in store for the drivers.