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.
by SØREN PICO
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.
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