Maersk Kicks Off Office Workforce Cuts

Image Courtesy: Maersk

Danish shipping giant Maersk has confirmed that it would be reducing the number of employees in its offices in both Denmark and abroad.

The company said the layoffs arose from the need to reduce costs in its head office functions.

How many jobs will be axed is yet unknown as Maersk itself is still evaluating the extent of cuts that are necessary.

“The savings are a natural part of the ongoing priority, where we focus on supporting our strategy and creating value for our customers,” a Maersk spokesperson said in response to a World Maritime News inquiry.

The layoff procedure starts as Maersk continued improving profitability in the third quarter of the year despite a decrease in revenue.

“The strong performance for the quarter combined with our expectations for the rest of the year, led to the recent upgrade of our earnings expectations for 2019. We will continue our focus on profitability and free cash flow in the fourth quarter and into 2020,” Søren Skou, CEO of A.P. Møller – Mærsk A/S, said commenting the results.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Offshore Energy Exhibition and Conference (OEEC) 2020

The three-day event includes an exhibition where an expected 600+ supply chain companies…

read more >

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >

2nd GREENTECH IN SHIPPING GLOBAL FORUM

Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >