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Here are the details of Maersk's new plan

Subsidiaries Safmarine and Damco will be placed under Maersk and will no longer exist as independent brands. A large number of employees look set to lose their job.

Photo: PR / Maersk

Maersk's large-scale reorganization will impact the two subsidiaries Safmarine and Damco, which will soon be shut down as independent brands.

The plan will also mean a farewell to employees working in double capacities or superfluous functions, Maersk confirms Tuesday in an internal email to employees, which ShippingWatch has read. Maersk has now also confirmed the changes in a press release.

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