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Panalpina employees in Italy strike over layoffs

DSV plans to close Panalpina's Italian division and layoff 136 people. In protest, the Italian employees strike all day today, Friday. This comes only a few days after DSV announced layoffs at Panalpina's old headquarters in Switzerland.

DSV slashes 90 jobs at Panalpina's Swiss headquarters

Logistics company DSV starts executing on the majority of the heralded layoffs at Panalpina's headquarters in Switzerland, the company informs ShippingWatch. This happens despite management and employees disagreeing on the terms of the dismissals.

DSV nominates former Panalpina vice chair as board member

The former vice chairman of Panalpina, who also chairs major shareholder Ernst Göhner Foundation, is now nominated to DSV's board of directors by request of the foundation. He has previously been criticized for his double role in the sale of Panalpina.

Panalpina confirms departure of executives

Executive VP for Ocean Freight Peder Winther and CIO Ralf Morawietz leave Panalpina following the merger with DSV. Their departure is part of the move to eliminate five executive positions, though three will continue at the new company.

DSV cuts five executive positions at Panalpina

Five executives have lost their positions at Panalpina following DSV's closing of the acquisition last week. Three execs will continue at the new company, while prospects for the remaining two are unclear.

DSV warns of layoffs after Panalpina takeover

Like the acquisition of US-based UTi, the integration of Panalpina is expected to entail layoffs, CFO Jens Lund tells ShippingWatch. DSV's management can look forward to some years of work incorporating its Swiss billion-dollar acquisition.

DSV extends acquisition deadline

DSV extends its offer to Panalpina stakeholders to Aug. 7. The company has received green light from most of them but is attempting to get the rest on board by extending the deadline.

20 freight forwarders compete for global sea transport

DSV will grow significantly with its acquisition of Panalpina, but of the world's 20 largest freight forwarding companies in sea freighting, one in particular stands out, shows a report by analyst firm Transport Intelligence.

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