DSV cuts jobs
31 / 03 / 2009
DSV is to cut staffing levels by 12 to 15 per cent. Around 3,500 of the 25,000 jobs will be axed as part of the integration of ABX Logistics, which DSV bought in October last year.
While DSV admits that there were going to be some job losses following the takeover, the amount has been exacerbated by the economic downturn. Chief financial officer Jens Lund said: “We will be losing more staff than we originally planned, but we need to ensure that current staffing fits in with the situation in the market.”
“Around 50 per cent of the staff reduction is due to the ABX acquisition,” said DSV chief executive officer Jens Bjorn Andersen (right), “the rest to the general downturn.”
Andersen said that DSV expects its air and sea division to see a volume reduction of four to five per cent this year before it sees any recovery in 2010.
“We have to adapt to the new level of activity,” he said “and that means reducing costs.”
