Maersk to lay off 2,000 in business shake-up, lifts outlook on improving demand

, said on Tuesday demand was recovering faster than expected and lifted its earnings outlook, while also announcing plans to cut 2,000 jobs as it streamlines to cut costs.

“A.P. Moller - Maersk is on track to deliver a strong Q3 with solid earnings growth across all our businesses, in particular in Ocean and Logistics & Services,” Chief Executive Soren Skou said in a statement. Volumes in Maersk’s Ocean-division declined by around 3% in the third quarter compared to the same period last year, above an expected mid-single digit contraction, the company said.

The company expects restructuring costs of around $100 million in the third quarter related to the redundancies.

gibon102 tu dopiero idzie robota.

Okay, Let's talk 'trade'; me Basically; Chinese Fake President

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The consultants in high demand during the pandemic and their salaries - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. That's nice, well I'm lissa by name and I'm from New York city I'm a full time forex trader and I would love to introduce you to one of the world most benefits investment platform whereby you earn over 100$,2000$,250$,3000$ or 1000$, on a daily basis
Source: BusinessInsider - 🏆 729. / 51 Read more »