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COPENHAGEN: Transportation group Maersk will cut job cuts as part of a major reorganization, an internal email sent to Maersk employees shows.
Maersk, which handles about one in five containers shipped worldwide, has been under pressure from investors to accelerate its transformation from an unwieldy conglomerate.
The company sold its oil and gas assets in 2017 to Total as part of efforts to become a more streamlined company focused on its container and inland logistics business for large clients such as Walmart and Nike.
The integration of its freight forwarding business Damco and Africa-focused carrier Safmarine will take place later this year, and its Hamburg Sud operation will also be affected by the reorganization, according to the email.
“The simplification of the organization will sadly affect jobs due to the duplication of roles and roles that will no longer be needed,” Vincent Clerc, commercial director, said in the email.
Maersk declined to comment on the internal email. The email did not provide details on the number of layoffs or employees affected.
Hamburg Sud will remain a separate brand, but its back office will be incorporated into Maersk’s, Clerc said in the email.
Maersk’s share price has nearly doubled since March, but it is still a fifth below its three-year peak. They were trading 0.1 percent higher at SEK 9,558 (US $ 1,111) at 7.45am GMT.
