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The Guardian - UK

Business

Kalyeena Makortoff

Maersk to cut 10,000 jobs as shipping demand drops

Containers on Maersk's triple-E giant container ship Majestic Maersk in the port of Algeciras, Spain — Møller-Maersk has taken its headcount from 110,000 in early 2023 to 103,500 now. Photograph: Jon Nazca/Reuters

One of the world’s largest shipping companies, Møller-Maersk, is cutting 10,000 jobs because of a drop in demand triggered by the global economic slowdown.

The Danish company said it had already started cutting staff but was planning on “intensifying” cost-saving measures in order to safeguard its financial performance as price forecasts worsened.

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