News / CMA CGM commits to no job cuts for a year, following Bolloré deal

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Shipping line CMA CGM has not ruled out redundancies following the recent completion of its $5.3bn takeover of Bolloré Logistics ? but not for at least the next 12 months.

Bolloré employs around 15,000 staff in its global network spanning 146 countries and 358 locations.

A major logistics player in the shape of Ceva is already part of the CMA CGM group and bringing in Bolloré Logistics is expected to produce revenue of approximately $24bn, based on 2022 results, and generate in ...