LONDON: At least 10,000 jobs are being axed worldwide at global shipping giant AP Moller Maersk amid a slump in demand for container freight, reported...
: At least 10,000 jobs are being axed worldwide at global shipping giant AP Moller Maersk amid a slump in demand for container freight, reported PA Media/dpa.
Up to 2,500 of those additional cuts will go in the “coming months,” with the remainder in 2024, it added. Overall, it has sites at 12 ports, 23 depots, and nine dedicated refrigerated container facilities across the UK and Ireland. In an update on Friday, Maersk warned that profits in 2024 would be at the lower end of previous guidance as it reported a steep drop in sales and earnings in its third quarter.
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