Maersk Line Cuts 400 Jobs, Restructures To Improve Efficiency
June 01 2012 - 3:46AM
Dow Jones News
Maersk Line, the world's largest container shipping company,
said Friday it will lay off 400 employees at its global corporate
centers in a bid to decentralize operations and improve efficiency
to counter over-capacity in the industry and weak freight
rates.
This corresponds to 18% of the 2,200 people currently employed
in the centers.
The aim of the re-organization is to achieve faster decision
making and relocate execution and service tasks to dedicated
country offices in order to get them closer to the customers, the
company, a unit of Danish industrial conglomerate A.P.
Moller-Maersk A/S (MAERSK-B.KO), said in a statement.
Maersk Line, which is currently sailing at losses due to
over-capacity in the industry and weak freight rates, has a total
of 25,000 employees worldwide.
- By Flemming Emil Hansen, Copenhagen Bureau, Dow Jones
Newswires; +45 33 12 44 88; flemming.hansen@dowjones.com
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