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Tag Archives: Shipping layoffs

VIDEO: Maersk to lay off 2,000 in shake-up, lifts outlook on improving demand

A Maersk ship and containers are seen at the Port of Santos, Brazil

REUTERS, OCTOBER 13, 2020 COPENHAGEN (Reuters) – The world’s biggest container shipping line, Maersk MAERSKb.CO, said on Tuesday demand was recovering faster than expected and lifted its earnings outlook, while also announcing plans to cut 2,000 jobs as it streamlines to cut costs. Maersk, which handles about one in five containers shipped worldwide, said that though cargo volumes were still down …

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