DFDS' cost reduction measures increase layoffs by 150 employees

DFDS' cost reductions, announced in June and which involves laying off 650 employees and saving DKK 250 million, ends up affecting an additional 150 employees. The combined number of layoffs thus corresponds to one tenth of the company's workforce, CEO Torben Carlsen tells ShippingWatch.

Photo: DFDS

DFDS, which on Friday upgraded its full year guidance for 2020, is streamlining its organization.

An additional 150 employees more than previously announced have been laid off at the Danish ferry and freight shipping company. As such, the combined number of layoffs clock in at 800, and this corresponds to 10 percent of the company's workforce.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Employee at Bunker Holding subsidiary charged for alleged corruption

A trader at KPI Oceanconnect, a subsidiary of Bunker Holding, has been charged with alleged corruption totaling at least USD 191,250 as rewards for nominating Straits for the supply of bunker fuel to KPI's customers. The employee has been suspended and his contract terminated, the company informs ShippingWatch.

Freight rates for furniture eat up almost entire profit

The price of shipping a 40-foot container with assembled furniture from Asia to the US West Coast is currently so high that freight rates make up almost 100 percent of the furniture's retail value, according to Sea-Intelligence.

Wallem Group appoints new CEO

Wallem Group appoints interim CEO since January 2021 as the new chief executive officer of the ship management company.

Further reading

Related articles

Trial banner

Latest news

See all jobs