Maersk Line cost reduction plan underway at Capital Markets Day

Maersk Line's management team has been working for months on the cost reduction initiative that culminated in October with the news that 4,000 employees would be laid off. The Capital Markets Day was not the right time for an announcement, the carrier's CFO tells ShippingWatch.

Photo: PR-foto: Maersk Line

The Capital Markets Day in September was not the right time for Maersk Line to announce major layoffs, explains the container carrier's new CFO Pierre Danet in his first interview since taking up the job in April this year.

"We did not make the announcement at the Capital Markets Day, as it would have been the wrong time and the wrong audience," he tells ShippingWatch.

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