Does CMA CGM have 10,000 superfluous employees?

Container carrier CMA CGM has far higher staff costs than its competitor Hapag-Lloyd, says Seaintelligence. The German carrier has thus far achieved bigger synergies by integrating billion-dollar acquisitions.

Photo: Ritzau Scanpix

French liner company CMA CGM must layoff 9,700 employees to achieve the same employee efficiency as its competitor Hapag-Lloyd, concludes Seaintelligence. The analyst firm has compared the two carriers' staff costs which reveals that the difference in costs between each teu shipped is significant.

Both carriers have been working to integrate acquisitions of other players in the market through the period Seaintelligence has looked at. But while Hapag-Lloyd has achieved economies of scale advantages and major reductions on staff costs after the UASC takeover, CMA CGM's expenses have not kept the same pace after the APL acquisition.

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