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Tag Archives: Logistics layoffs

Kuehne+Nagel owner sees about 20,000 job cuts. Regrets lack of US strength vs China

REUTERS, MAY 23, 2020 “I wish we had a strong United States as a counterweight (to China), but it is poorly governed by Donald Trump.” ZURICH (Reuters) – 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 …

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