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Despite a strong second half-year, Kuehne + Nagel's container volumes declined overall in 2020. Sky-high demand and container shortages have led the logistics company to focus on its "key customers" during the pandemic, says CEO Detlef Trefzger.
Kuehne + Nagel has in round figures reduced its workforce by 5,000 employees throughout 2020, during which a hiring freeze and the coronavirus crisis has made the freight forwarder review its costs.
Kuehne + Nagel is launching new digital initiatives and continues to reduce costs. This might mean new assignments for the staff, but the company will not necessarily be cutting jobs, CEO Detlef Trefzger asserts in an interview with ShippingWatch.
Kuehne + Nagel currently has no plans to make acquisitions within seafreight – mainly because the company has yet to find the right candidate, says Detlef Trefzger in an interview with ShippingWatch. "We can capture the volume in the market easily," he argues.
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