Supply Chain Council of European Union | Scceu.org
Freight

RTR: Kuehne+Nagel owner sees about 20,000 job cuts – Die Welt

Layoffs news headline

REUTERS reports:

Freight-forwarder Kuehne+Nagel (KNIN.S) may cut more than 20,000 jobs, with warehouse workers most affected, as the coronavirus-caused economic crisis hits shipping, controlling shareholder Klaus-Michael Kuehne said in an interview.

Kuehne+Nagel, which employs 83,000 people, will likely cut jobs in locations such as the United States that unlike some European countries does not have a system of short-time working to fall back on to prevent massive layoffs, he told Germany’s Die Welt in an article published on Saturday.

He sees globalisation slowing, …

Subscription Required

In order to view the entire article please either register an account and subscribe or login with a valid subscription below


Please Register

Please either or click register below to continue
Register

Related posts

Ocean shipping reform needed | Farm Progress

scceu

Who’s Hiring In The Deerfield Area? Browse New Local Jobs

scceu

Food Costs Up 11.2% Over Past Year, While Mississippi Water Level Worries Persist, and Russia Concerned About Black Sea Export Deal

scceu