DB Schenker Employees Protest Nationwide Job Security Concerns

Wednesday, 11 September 2024, 12:40

DB Schenker has faced nationwide protests as employees express job security concerns amid potential company sale. The demonstrations, held in multiple cities, reflect deep anxiety regarding the future of jobs at the logistics giant.

DB Schenker Employees Protest Nationwide

In several cities, DB Schenker employees demonstrated during vigils, raising concerns about their job security as the company is on the brink of sale. Employees in Munich, Frankfurt, Stuttgart, Mannheim, Düsseldorf, Hamburg, and Bremen participated in a 15-minute work stoppage to join the rally initiated by the works council.

Concerns Over Future Employment

Workers are plagued by uncertainty regarding their futures, fearing significant job cuts if the company is sold. Deutsche Bahn plans to offload the profitable logistics subsidiary to alleviate mounting debts. Two bids, approximately €14 billion each, have emerged from Danish logistics giant DSV and private equity investor CVC Capital Partners.

The works council is backing CVC, worried about job losses if DSV takes over.
CVC does not operate a logistics business, which may safeguard jobs.

Deutsche Bahn has declined to comment on the offers made.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.