Just now, this transportation giant planned 30,000 people!The net loss of 1.2 billion euros in half
- Author:weiyun.com
- Source:weiyun.com
- Release Date:2024-07-30
According to foreign media sources, a few days ago, Deutsche Bahn, a parent company of the well -known freight forwarding giant, said that the planned layoffs were 30,000, accounting for about 9%of their total employees to cope with the bad financial situationEssence
Chief Financial Officer Levin Holle said that layoffs will be held in the next five years, which mainly affects administrative management positions, and added that this year will have to reduce about 1,500 jobs this year.The company said that the huge investment in the railway network before, the strike and bad weather caused a net loss of 1.2 billion euros in the first half of this year.
During the first half of 2024, the unprecedented severe weather made the already tense passenger and freight situation worse.The company stated that many workers' strikes have caused railway transportation for a few days, causing the company to lose about 300 million euros.
In addition, it invested 4 billion euros in railway networks and services in the first half of the year, an increase of 35%over last year.This railway operator is carrying 33 billion euros in debt, but the company expects that according to a new national support plan, the federal government will repay billions of euros to renovate the cost of prepaid lines."The funds will affect the cash and profits in the second half of 2024." CEO Richard Lutz said, but it did not stated how much it was expected.
Earlier, in March, it was reported that DB Cargo was in trouble. It was plans to lay off 1,800 people by losses and EU investigations.However, the company claims that this big number is "alarmist" and pointed out that many of them are transferred to wholly -owned subsidiaries, not layoffs.
Recent financial reports showed that freight forwarding giant DB SCHenker once again supported the bad semi -annual performance of its parent company Deutsche Bahn.DB SCHenker's sales fell 6.6%to 9.4 billion euros (about $ 10.2 billion), EBITDA fell 10.2%to 908 million euros, while EBIT dropped by nearly 17%to 50 million euros.DB SCHenker still accounts for 42%of DB's total sales.
Recently, DB SCHenker's bidding for DB SCHenker, a subsidiary of Germany, has entered the final stage.Analysts have always believed that DSV is the strongest and most obvious buyer.DSV has also been prepared for major acquisitions, and DSV's competitors have only a consortium led by CVC.The German railway group said that the process of selling SCHENKER is still continuing, but it is added: "Only when the economy is beneficial to the German railway group, it will be sold." As for the result, wait and see.
Some analysts are worried that if DSV acquires DB SCHenker, then DB SCHenker will be unemployed by more employees.
Just in mid -June, the Federal Express announced a plan to lay off in Europe, which is expected to be held within 18 months. The layoff plan will affect 1,700 to 2,000 employees in Europe, involving background and business functions.Earlier this year, U.S. Union Package Transport Services (UPS) also announced that it would lay off 12,000.A spokesman for the company said the layoffs will save the company a cost of about $ 1 billion.American digital freight forwarder Flexport also said that the company is considering about 20%of the layoffs.
In recent years, various factors have promoted to accelerate the reshuffle of the logistics industry.Even many logistics giants are facing dilemma such as decline in performance and tight funds.
Chief Financial Officer Levin Holle said that layoffs will be held in the next five years, which mainly affects administrative management positions, and added that this year will have to reduce about 1,500 jobs this year.The company said that the huge investment in the railway network before, the strike and bad weather caused a net loss of 1.2 billion euros in the first half of this year.
During the first half of 2024, the unprecedented severe weather made the already tense passenger and freight situation worse.The company stated that many workers' strikes have caused railway transportation for a few days, causing the company to lose about 300 million euros.
In addition, it invested 4 billion euros in railway networks and services in the first half of the year, an increase of 35%over last year.This railway operator is carrying 33 billion euros in debt, but the company expects that according to a new national support plan, the federal government will repay billions of euros to renovate the cost of prepaid lines."The funds will affect the cash and profits in the second half of 2024." CEO Richard Lutz said, but it did not stated how much it was expected.
Earlier, in March, it was reported that DB Cargo was in trouble. It was plans to lay off 1,800 people by losses and EU investigations.However, the company claims that this big number is "alarmist" and pointed out that many of them are transferred to wholly -owned subsidiaries, not layoffs.
Recent financial reports showed that freight forwarding giant DB SCHenker once again supported the bad semi -annual performance of its parent company Deutsche Bahn.DB SCHenker's sales fell 6.6%to 9.4 billion euros (about $ 10.2 billion), EBITDA fell 10.2%to 908 million euros, while EBIT dropped by nearly 17%to 50 million euros.DB SCHenker still accounts for 42%of DB's total sales.
Recently, DB SCHenker's bidding for DB SCHenker, a subsidiary of Germany, has entered the final stage.Analysts have always believed that DSV is the strongest and most obvious buyer.DSV has also been prepared for major acquisitions, and DSV's competitors have only a consortium led by CVC.The German railway group said that the process of selling SCHENKER is still continuing, but it is added: "Only when the economy is beneficial to the German railway group, it will be sold." As for the result, wait and see.
Some analysts are worried that if DSV acquires DB SCHenker, then DB SCHenker will be unemployed by more employees.
Just in mid -June, the Federal Express announced a plan to lay off in Europe, which is expected to be held within 18 months. The layoff plan will affect 1,700 to 2,000 employees in Europe, involving background and business functions.Earlier this year, U.S. Union Package Transport Services (UPS) also announced that it would lay off 12,000.A spokesman for the company said the layoffs will save the company a cost of about $ 1 billion.American digital freight forwarder Flexport also said that the company is considering about 20%of the layoffs.
In recent years, various factors have promoted to accelerate the reshuffle of the logistics industry.Even many logistics giants are facing dilemma such as decline in performance and tight funds.