Maersk Line to Cut 10 % of Labor Force

No signs of a strong or permanent rebound in international trade.

Danish conglomerate AP Moller Maersk AS's container division, Maersk Line, is cutting 2,000-3,000 jobs from its 25,000 global workforce as part of a new strategy to turn the business around and return it to sustainable profitability.

1 "Moller's Maersk Line to cut 2,000-3,000 jobs in reorganisation" - AP