World’s largest container shipping company to cut 4,000 jobs

In the span of less than a week, a third global corporation has announced plans for significant headcount reductions amid a worldwide company overhaul

World’s largest container shipping company to cut 4,000 jobs
Maersk Line has announced a major company transformation which will shed at least 4,000 employees by the end of 2017.
While the organisation currently has 23,000 land-based staff, the combination of corporate restructuring and an on-going push towards greater automation and digitalisation will see the company reduce its workforce by 4,000.
“We are on a journey to transform Maersk Line. We will make the organisation leaner and simpler,” Søren Skou, CEO of Maersk Line said in a statement.
“We are fewer people today than a year ago. We will be fewer next year and the following year. These decisions are not taken lightly, but they are necessary steps to transform our industry.”
The company plans on minimising redundancies by managing natural attrition within its workforce.
When contacted by HRD, Maersk Line declined to comment in more detail about how individual offices such as Singapore would be affected by this reduction in staff numbers.
The decision comes after a major profit downturn in the global shipping industry – the worst since the Global Financial Crisis (GFC). The GFC was in fact the last time Maersk Line cut staff numbers, shedding about 5,000 people from its operations.
Related stories:
Global bank to cut 35,000 staff
15,000 jobs to be cut from second global bank
Air France cancels thousands of job cuts

Free newsletter

Our daily newsletter is FREE and keeps you up-to-date with the world of HR. Please complete the form below and click on subscribe for daily newsletters from HRD Asia.

Recent articles & video

Should qualifications or experience matter more in recruits?

Appreciation best practices: a checklist

Prince Harry’s ‘modern’ approach to fatherhood highlights HR failure

Mental wellness: why C-suite should lead the discussion

Most Read Articles

How to overcome challenges of HR tech project

Worker sues after being fired while on sick leave following miscarriage

Is your workplace culture toxic?