ShippingWatch

Maersk Line to slash 110 jobs at its HQ

As part of the announced and expedited cost reductions, which will see 4,000 employees laid off in the next two years, Maersk Line now confirms that 110 jobs will be cut from the carrier's Copenhagen HQ this year. And the carrier's American CCO has stepped down to return home.

Photo: Maersk Line

As part of the 4,000 layoffs already announced in relation to Maersk Line's third quarter interim report this year, 110 jobs will be cut from the carrier's headquarters in Copenhagen, and the most prominent of these looks to be Maersk Line's Chief Commercial Officer, CCO Stephen Schueler, who will step down.

This was reported by Lloyd's List, and Maersk Line subsequently confirmed the news to ShippingWatch.

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Chinese coal shortage endures and boosts earnings in dry bulk market

Coal is in high demand in China, and by all appearances, the appetite for coal will not abate in the coming months, benefiting dry bulk operators. Norden and Lauritzen note how the Chinese coal policy – in addition to its import ban from Australia – serves to strengthen an already strong market. Clarified.

Further reading

Related articles

Latest news

See all jobs