Financial battering for DHL GF in Q3 – 'but we expected that'
DHL Global Forwarding took a financial battering in the three months to September, with ebit ...
An interesting article by Thomas Cullen (who wrote the recent Loadstar LongRead: Automotive Apocalypse), on rumours that DHL Supply Chain could lay off hundreds of employees as a result of Jaguar Land Rover (JLR) cost-cutting.
He noted that JLR is attempting to reduce its cost base by cutting its own and contract staff – which is likely to include DHL staff, who provide line-feed operations and transport planning. Explaining why JLR needs to cut costs, Mr Cullen added that other car manufacturers were also under pressure and that there is a “danger that the logistics service providers will get caught in the middle”.
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Alex Lennane
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