Maersk to ax 2,000 jobs under restructuring plan

Tuesday, 13. October 2020 10:52

Danish shipping company Maersk A/S is set to cut another 2,000 jobs amid the coronavirus crisis, expecting to take a restructuring charge of approximately $100 million in the third quarter.

"The outlook for 2021 remains uncertain due to the ongoing pandemic. The positive impact from stimulus packages may be less strong in 2021, potential new lockdowns will impact demand and the timing and effectiveness of a potential vaccine will impact 2021," the company's CEO Soren Skou said in a statement.

In September, the world's largest container shipping company said the crisis could force it to ax 27,000 jobs or more than 30% of its 80,000-strong workforce worldwide.

Related Links: A.P. Moeller-Maersk A.S.
Author:
Breaking the News / GA