Job cuts at HSH Nordbank hit head of shipping

After many years as head of shipping at HSH Nordbank, Christian Niewswandt has fallen victim to job cuts initiated after new owners took over the bank.

Photo: HSH Nordbank

Christian Niewswandt is bidding farewell to HSH Nordbank after many years serving as head of shipping.

At the end of November, a protracted sales process of the large shipping bank was finalized, and, ahead to 2021, the bank will strive for several important targets and initiate job cuts. Niewsandt is among the departing staff members, according to ShippingWatch's information. There has been talk of around 1000 jobs, and now it seems the management will also be included in that figure.

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