Analysis: redundancies at DSV still inevitable, despite decent trading update

Danish freight forwarder DSV delivered a decent trading update yesterday, mostly because its integration of UTi Worldwide appears to be on track, according to executives.

Yet there were scant details about redundancies on a large scale in a follow-up call with analysts, which to my mind is odd, given that lay-offs remain a key value driver for the combined entity, as is the case in any large-scale cross-border merger and acquisitions.

Valuable staff

While its new global HR motto – “Developing staff ...