April 30, 2020 / 7:46 AM / a month ago

BRIEF-Freight Forwarder DSV To Cut 3,000 Jobs As Virus Hits Global Trade

April 30 (Reuters) -

* FREIGHT FORWARDER DSV’S CFO EXPECTS FREIGHT MARKET TO BOTTOM OUT IN APRIL OR MAY

* DSV CFO SAYS FIRM WILL CUT AROUND 3.000 JOBS AS PART OF NEW COST CUTTING PROGRAMME (EMPLOYS AROUND 59,000 PEOPLE IN TOTAL)

* DSV CFO SAYS GLOBAL AIR FREIGHT ACTIVITY IS DOWN AROUND 20% IN APRIL; SEA FREIGHT ACTIVITY DOWN AROUND 15% (Reporting by Stine Jacobsen)

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