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