According to Bloomberg, DSV has communicated this commitment to Deutsche Bahn through a letter addressed to the company's top management and government representatives. In the letter, DSV promised to restrict job cuts at DB Schenker to between 1,600 and 1,900 positions in its German headquarters, specifically targeting administrative roles while sparing operational staff.
Anonymous sources close to the matter suggest that the actual number of layoffs could be lower, as Schenker is already undergoing a streamlining process independent of DSV’s current estimates. This move by DSV comes after the trade union Ver.di publicly announced its support for DSV’s competitor, a consortium led by CVC Capital Partners. Despite similar valuations, estimated at around €14 billion, several analysts believe that DSV’s offer is stronger.
DSV's advantage lies in the fact that CVC has tied part of its bid to the achievement of specific profit targets in the coming years. However, both parties still have the opportunity to revise their offers. So far, Deutsche Bahn has provided no details about the bidding process, stating only that negotiations are in an advanced stage. For the railway company, the financial offer is important, but job preservation is also a key consideration.
