Hand turns a dice and changes the expression

As you might remember, last week CMA CGM talked up the prospects of its asset-light logistics arm Ceva Logistics with group CFO Michel Sirat stressing the view that investment in Ceva will ensue, rather than meaningful job cuts.

Quite honestly, some of my sources were hardly impressed with those remarks and insist there are plans in Marseille that entail a leaner structure for the combined CMA CGM + Ceva workforce.

When I shared some interesting numbers I got from bond investors confirming ...

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