Corporate functions and positions at Panalpina may be cut or relocated to DSV’s headquarters in Denmark, as the companies continue with the integration process.
This could result in up to 165 job losses, said DSV. At the same time, the company plans to expand its logistical footprint in Basel, Switzerland, where Panalpina previously had its headquarters.
“As we integrate Panalpina into the DSV Panalpina Group, we recognise that there are substantial duplications of corporate functions,” explained Jens Bjørn Andersen, ceo of DSV Panalpina. “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 expects to retain approximately 50 percent of Panalpina’s current head office workforce following completion of the restructuring by the end of Q2 2020. Retained functions will include, among others, critical positions in sales, operations, IT and innovation.