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Deutsche Bahn to cut 30,000 jobs after first-half loss

AAPL: SHIFTING PRODUCTIONUPS: GIVING UP KNIN: INDIA FOCUSXOM: ANOTHER WARNING VW: GROWING STRESSBA: OVERSUBSCRIBED AND UPSIZEDF: PRESSED ON INVENTORY TRENDSF: INVENTORY ON THE RADARF: CEO ON RECORD BA: CAPITAL RAISING EXERCISEXPO: SAIA BOOSTDSV: UPGRADEBA: ANOTHER JUMBO FUNDRAISINGXPO: SAIA READ-ACROSSHLAG: BOUYANT BUSINESS

AAPL: SHIFTING PRODUCTIONUPS: GIVING UP KNIN: INDIA FOCUSXOM: ANOTHER WARNING VW: GROWING STRESSBA: OVERSUBSCRIBED AND UPSIZEDF: PRESSED ON INVENTORY TRENDSF: INVENTORY ON THE RADARF: CEO ON RECORD BA: CAPITAL RAISING EXERCISEXPO: SAIA BOOSTDSV: UPGRADEBA: ANOTHER JUMBO FUNDRAISINGXPO: SAIA READ-ACROSSHLAG: BOUYANT BUSINESS

Deutsche bahn © Lucian Milasan
© Lucian Milasan
By

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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    DB Schenker Deutsche Bahn job losses CVC Capital Partners DSV M&A

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