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Employees of Hamburg Süd fear for their jobs

Approximately 500 employees in the tradition-bound German carrier Hamburg Süd have taken to the streets to protest, fearing that they will lose their jobs when Maersk Line takes over as the new owner.

Photo: Michael Lindner/Port of Hamburg Marketing

Around 500 employees in Hamburg Süd took to the streets of Hamburg ahead of the weekend, on the day after Maersk Line and the German carrier announced last Thursday that Maersk Line will buy Hamburg Süd for an as-yet unknown amount.

The employees in Hamburg Süd fear that Maersk will undertake huge savings in the carrier, which employs around 6,000 employees worldwide, with a risk that thousands of jobs in the tradition-bound shipping company will disappear. Around 1,000 employees are believed to work in the carrier's headquarters in Willy-Brandt Strasse in Hamburg.

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