DSV Panalpina have confirmed that job cuts will be inevitable during their restructuring phase as they prepare to relocate the former Panalpina headquarters in Switzerland, to its new headquarters in Denmark.
With up to 165 jobs on the line, Jens Bjorn Andersen, chief executive of DSV, confirmed the bad news, particularly for the IT department.
“According to our analysis, we will not be able to avoid job cuts and the relocation of positions to DSV Panalpina’s headquarters in Denmark,” said Andersen.
“We are also seeing considerable overlaps in the IT department, as IT systems that will no longer be used in the combined group are phased out. As a result, we are considering several restructuring measures,” he continued.
Due to an overlap in responsibilities, DSV is set to offload half of its staff from the Panalpina head office at the end of the restructuring phase in 2020.
“As we integrate Panalpina into the DSV Panalpina Group, we recognise that there are substantial duplications of corporate functions,” Andersen added.
DSV completed the $5.5bn acquisition of Panalpina on 19 August, giving rise to the second largest air freight company in the world with a presence in 90 countries and over 60 000 employees.
