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DSV Panalpina warns job at risk during restructure

DSV Panalpina Group has announced the unfortunate possibility of job cuts as it relocates its headquarters to Denmark.

“As we integrate Panalpina into the DSV Panalpina Group, we recognise that there are substantial duplications of corporate functions.” Jens Bjørn Andersen DSV Panalpina, chief executive.

“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.

“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.”

DSV Panalpina is expecting to retain as much as 50% of Panalpina’s current head office workforce following the restructuring by the end of the second quarter 2020.

Speaking to employees at the former Panalpina headquarters last week, Group chief financial officer Jens Lund reinforced the company’s commitment to do all that it can, within its reasonable control, to find appropriate solutions for everybody affected.