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Kuehne + Nagel saved CHF 77 million on personnel during Covid-19

Kuehne + Nagel has utilized a short-time scheme during the coronavirus crisis to lower the working time of some employees, this initiative saved the company costs totaling CHF 77 million. The bottom line grew despite a drop in revenue in the third quarter. Updated.

Photo: PR / Kuehne + Nagel

German-Swiss freight forwarder Kuehne + Nagel has made use of a scheme during the coronavirus crisis that allows a company to reduce its employees' working time.

As a result, the company has recorded benefits totaling CHF 77 million, reveals the company's interim report for the third quarter published Tuesday morning.

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