News@lemmy.world · 1 year ago

Maersk Cuts 10,000 Jobs on Weakening Global Trade; Shares Tumble

www.bloomberg.com

Maersk Cuts 10,000 Jobs on Weakening Global Trade; Shares Tumble

www.bloomberg.com

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News@lemmy.world · 1 year ago

A.P. Moller-Maersk A/S, a bellwether for global trade, fell after saying it’s cutting at least 10,000 jobs to shield its profitability in a shipping market that is set to remain weak until about 2026.

Shipping giant’s shares fall more than 16% in Copenhagen
Company is cutting 9% of workforce as it accelerates savings

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Container shipping pricing increase wen?

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