AT THE HEART OF THE ROAD TRANSPORT INDUSTRY.

Call our Sales Team on 0208 912 2120

Drivers' jobs 'safe'

26th August 1993, Page 16
26th August 1993
Page 16
Page 16, 26th August 1993 — Drivers' jobs 'safe'
Close
Noticed an error?
If you've noticed an error in this article please click here to report it so we can fix it.

Which of the following most accurately describes the problem?

• Bosses at Dutch freight giant Nedlloyd are assuring British drivers their jobs are safe despite a £90m global cost cutting programme.

The planned economies follow last week's half-year results, which show a c.41 in loss.

Road transport turnover was down 5% across Europe: most of the losses came from sea-freight operations.

Spokesman Lammerts Van Bueren says: "Cutting costs isn't the same thing as scaling down operations. We are looking at making economies, but not shut

ting clown operations or laying off drivers in Britain."

Nedlloyd operates a number of UK subsidiaries, including haulier Wim Vos and warehouse operator Nedlloyd Districentres.

The company has a major transport contract with brewer Courage and operates a 10,000m= warehouse at Milton near Abingdon.

The company is warning that haulage turnover and profit levels for the remainder of the year will be down on 1992 levels; it believes the recession is far from over.