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.
by SØREN PICO
There will be layoffs when Danish logistics group DSV begins its efforts to incorporate Swiss rival Panalpina.
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