Shipping Giant Cuts 10,000 Jobs As Shipping Demand Falls

Capt. John
Credit: Venti Views/Unsplash

At least 10,000 jobs are being axed worldwide at global shipping giant AP Moller Maersk amid a slump in demand for container freight, reports Bracknell News.

Slashing its workforce

The Danish group revealed it is slashing its workforce from 110,000 in January to below 100,000 as it looks to cut costs by 600 million US dollars (£491 million) next year. Maersk said it had already cut around 6,500 jobs since early 2023 and that another 3,500 would go as it ramps up...

https://mfame.guru/shipping-giant-cuts-10000-jobs-as-shipping-demand-falls/

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