Maersk to Reduce Global Workforce

Maersk, the container shipping division of the A.P. Moller-Maersk Group, has announced that it will pare as many as 3,000 jobs from its global workforce. The move, which could involve as much as 12 percent of the company's 25,000 employees, will focus on decentralizing management into regional teams, and split its container operations into three different divisions in an effort to improve profitability. According to a Maersk press release, the long-term strategy is comprised of four core elements and will eventually simplify the company. The Jan. 8 announcement said that the firm would, by reducing many mid-level management positions, drive the turnaround of the business and return to sustainable profitability. The move, said Maersk, "builds on the improved financial results and customer satisfaction seen in the recent months. The future will be a Maersk Line delivering a highly reliable service focused more closely on customers needs."
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