fbpx
Saturday, September 26th, 2020
Home » Shipping » UPDATE: Maersk gives more specifics on layoff plans

UPDATE: Maersk gives more specifics on layoff plans

PortandTerminal.com, November 29, 2019

Maersk specified the number of employees that will be affected by the layoffs that were announced this week.

In total, the company is planning on letting go at least 200 employees, including up to 100 in Denmark as part of a plan to cut costs, the industry publication ShippingWatch reported on Thursday.

“We have announced internally that we must save costs in the head office’s functions, and that it will also lead to layoffs both inside and outside Denmark,” said Maersk’s communications department in a press release.

Maersk’s Copenhagen head office is expected to be the hardest hit with 90 to 100 employees being terminated.

Maersk to lay off staff as part of cost cuts and its “Fit for Growth” plans

PortandTerminal.com, November 28, 2019

Like most container lines, Maersk is focusing on cutting costs. The latest effort, which is dubbed as part of the company’s “Fit For Growth” plans will see more shoreside staff lose their jobs

COPENHAGEN, DENMARK – Maersk announced that it will once again reduce the number of employees in its offices in an unspecified number of countries. Its headquarters and Hamburg Süd, in particular, will be hit, according to one report. This happens as part of the group’s Fit for Growth efficiency plan.

What is “Fit for Growth”?

“Fit for Growth” is a registered service mark of Price Waterhouse Coopers (PwC) Strategy & LLC in the United States. PwC markets “Fit for Growth” as A Guide to Strategic Cost Cutting, Restructuring, and Renewal.

The company has published a book titled ‘Fit for Growth”.

Watch

Other articles you may find interesting

Copyright © 2019 PortandTerminal.com. All rights reserved. This material may not be published, broadcast, written or redistributed.

Check Also

Aerial view of clouds with glow of fires below.

Maritime of the Day: “Fire Through the Clouds”

PortandTerminal.com, September 26, 2020 HALIFAX, NOVA SCOTIA – Today’s “Maritime Image of the Day” appeared …

A Maersk Eindhoven container ship moored in Yokohama, Japan.

Maersk Calls for Action as Stranded Seafarers Rise to 400,000

BLOOMBERG, SEPTEMBER 26, 2020 United Nations, companies and governments meet on crisis |  Unilever, P&G …