News / 'Solid performance' in H1, claims DSV chief, but jobs are on the line

25/07/2023

DSV could make more job cuts if its Air & Sea unit is unable to beat the market after underperforming in the first half, with revenues down 36% year on year, and ebit down 32% to Dkr9.37bn ($1.38bn).

Announcing a “solid financial performance”, CEO Jens Bjorn Andersen noted in this morning’s earnings call that DSV had shed some 2,000 white collar workers, or 6% of staff in the Air & Sea division since H1 22, as it tried to cut costs ...