Major Swiss firm to cut jobs

The Swiss logistics firm - Kühne+Nagel - says it will have to lay off 2,000 staff. Around 1,000 more than previously believed.

The company, which is based in canton Schwyz, employs 80,000 world-wide.

It says it hopes the job cuts will save CHF 150m - but it still wants to save a further CHF 50m.

Sales are down, but profits have been hit due to the strong franc.

More from Bitesize News

Download our app

  • Available on the App Store
  • Available on Google Play