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Story summary
- Kuehne+Nagel Group is implementing a cost-cutting program to address margin pressures and overcapacity, while maintaining high-quality customer service.
- The company reported a 34% drop in third-quarter operating earnings while setting a CHF 1.3 billion forecast for 2025.
- The shift stems from U.S. tariffs that reduced transport volumes, especially to the United States.
- Kuehne+Nagel Group plans to cut 1,000–1,500 jobs and save over CHF 200 million via automation and shared services.
