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Tag Archives: Layoffs

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 …

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INTERMODAL: CN Rail slashes 1,600 jobs citing weak economy, trade tensions

PortandTerminal.com, November 17, 2019 MONTREAL, QUEBEC – Canada’s CN Rail has announced that it will be laying off up to 1,600 employees due to a weakening Canadian economy, declining cargo volumes and on-going trade tensions. In October, Canada’s largest railroad operator cut its adjusted earnings per share outlook percentage for 2019 to the high single digits, down from predictions of …

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