Panalpina employees reach out to major DSV shareholder in dispute over layoffs

A number of Panalpina employees in Switzerland have contacted DSV's major shareholder the Ernst Göhner Foundation in a dispute about major layoffs. The hope is that the foundation can help the employees ensure better severance packages. The dispute especially concerns financial compensation.

DSV Panalpina CEO Jens Bjørn Andersen on the day of presenting the transaction. | Photo: Arnd Wiegmann/Reuters/Ritzau Scanpix

Some employees at Panalpina's Swiss headquarters are now trying to get DSV's major shareholder the Ernst Göhner Foundation involved in the integration of the two companies by helping the former Panalpina employees in Basel that are set to lose their jobs, ShippingWatch learns from a number of sources with knowledge on the matter.

The Ernst Göhner Foundation was Panalpina's majority shareholder, but following DSV's acquisition of the logistics company, the foundation is now a major shareholder in DSV Panalpina, owning a little over 10 percent of stock.

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