Kuehne+Nagel International announced on April 8, 2024, a new organizational model for its European branches, enabling direct reporting to the Management Board. This restructuring is expected to streamline decision-making processes, offering the company increased agility to adapt to the swiftly changing market landscape. "By eliminating regional management levels, Kuehne+Nagel Group is simplifying its organizational structure and creating conditions for further efficiency gains, to act even faster and with more flexibility in an increasingly dynamic global commercial environment," explained Joerg Wolle, Chairman of Kuehne+Nagel International.
This significant reorganization will lead to changes within the company's organizational chart. However, a spokesperson for Kuehne+Nagel told The Loadstar that the impact would affect only 1% of its 81,000 employees, with most being reassigned to new roles. The article suggests that this move towards organizational centralization mirrors the model already adopted by Dsv.
The restructuring comes after a challenging year in 2023, during which Kuehne+Nagel witnessed a 40% drop in turnover from the previous year, amounting to CHF 23.848 billion (approximately EUR 24.273 billion). The company also saw a 41% decrease in EBITDA and a 49% fall in EBIT. Revenue contributions by sector included CHF 8.6 billion from sea freight (-54%), CHF 6.9 billion from air freight (-41%), CHF 3.5 billion from road freight (-11%), and CHF 4.8 billion from contract logistics (-3%). Despite these downturns, Kuehne+Nagel's overall financials remain positive, with a gross margin of CHF 8.787 billion, an EBITDA of CHF 2.678 billion, and an EBIT of CHF 1.903 billion.
