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Clipper laying off massively in extensive restructuring

Dry bulk carrier Clipper has launched a comprehensive restructuring involving a large number of layoffs, especially at the company's Copenhagen headquarters. Meanwhile, the company will streghten its financial position.

Photo: Clipper

Clipper Bulk has launched a major restructuring, which involves laying off nearly one-third of the company's onshore employees, including managers and middle managers, according to a press release issued by the Copenhagen-based dry bulk carrier Monday.

The company is cutting 40 jobs ashore in its offices across the world. The company's Tokyo office is furthermore set to close, while the Nassau office will be moved to "the owner's local representation".

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