Maersk plans major restructuring

Bloomberg

A.P. Moller-Maersk is planning a major overhaul of its organisation that is set to affect thousands
of jobs at the world’s biggest
container shipping company.
Maersk said its Safmarine and Damco units will cease to exist as separate entities and instead be incorporated into the group. Borsen reported that the changes will affect about 3,400 jobs, which the company has since confirmed. In all, about 27,000 jobs will be affected by the broader restructuring, of which a “small number” will be direct cuts, Maersk told Borsen.
The new organisational structure will provide its clients with a “more seamless experience across your supply chain,” Maersk said.
Maersk, which transports about 15% of the globe’s seaborne freight, is adapting its business to a world in which a pandemic and ongoing trade tensions are threatening demand for its services.

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