Maersk to cut jobs in major restructuring

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Maersk will cut jobs in a major shake-up that will affect a third of the shipping giant’s staff as it seeks to integrate its seaborne container and in-land logistics businesses, it said on Tuesday.

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Maersk Plans Major Restructuring Affecting Thousands of Jobs

(Bloomberg) — A.P. Moller-Maersk A/S is planning a major overhaul of its organization that is set to affect thousands of jobs at the world’s biggest container shipping company.



a truck that is driving down the street: A lorry driver waits to load cargo as shipping containers, bearing the A.P. Moller-Maersk A/S logo, sit beyond at the Port of Felixstowe Ltd., a subsidiary of CK Hutchison Holdings Ltd. in Felixstowe, U.K., on Tuesday, Aug. 22, 2017. U.K. exporters are still reaping the benefits of a weaker pound, but they're not sure how long the boost will continue as the country gets closer to withdrawing from the European Union.


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A lorry driver waits to load cargo as shipping containers, bearing the A.P. Moller-Maersk A/S logo, sit beyond at the Port of Felixstowe Ltd., a subsidiary of CK Hutchison Holdings Ltd. in Felixstowe, U.K., on Tuesday, Aug. 22, 2017. U.K. exporters are still reaping the benefits of a weaker pound, but they’re not sure how long the boost will continue as the country gets closer to withdrawing from the European Union.

Maersk said its Safmarine and Damco units will cease to exist as separate entities and instead be incorporated into the group, according to a statement on Tuesday. Borsen reported that the changes will affect about 3,400 jobs, which the company has since confirmed. In all, about 27,000 jobs will

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Maersk to cut jobs in major reorganisation, internal email says

FILE PHOTO: The Maersk Line container ship Maersk Sentosa is helped by tugs as it navigates the River Mersey in Liverpool, Britain, July 31, 2018. REUTERS/Phil Noble/File Photo

COPENHAGEN (Reuters) – Shipping group Maersk (MAERSKb.CO) will cut job cuts as part of a major reorganisation, an internal email sent to Maersk employees shows.

Maersk, which handles about one in five containers shipped worldwide, has been under pressure from investors to speed its transformation from an unwieldy conglomerate.

The company sold its oil and gas assets in 2017 to Total (TOTF.PA) as part of efforts to become a more streamlined company focused on its container and in-land logistics business for large customers such as Walmart (WMT.N) and Nike (NKE.N).

The integration of its Damco freight forwarding business and Africa-focused carrier Safmarine will take place by the end of this year, with its Hamburg

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