DSV warns of layoffs after Panalpina takeover
Like the acquisition of US-based UTi, the integration of Panalpina is expected to entail layoffs, CFO Jens Lund tells ShippingWatch. DSV's management can look forward to some years of work incorporating its Swiss billion-dollar acquisition.
![Photo: /Ritzau Scanpix/Asger Ladefoged//](https://photos.watchmedier.dk/watchmedier/resize:fill:3840:0:0/plain/https://photos.watchmedier.dk/Images/article11560461.ece/ALTERNATES/schema-16_9/doc76qbds1otwj1i0myv8o2.jpg)
by SØREN PICO
There will be layoffs when Danish logistics group DSV begins its efforts to incorporate Swiss rival Panalpina.
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